maksevalem
Maksevalem is a term used in Estonian finance to describe a mathematical expression for calculating regular payments under financial contracts such as loans, leases, or savings annuities. The word combines makse (payment) and valem (formula). It is commonly encountered in banking, accounting, and financial education to determine how much must be paid each period.
The most widely used form is the fixed-rate loan annuity formula. In plain terms, the periodic payment
Other maksevalem variants apply when different payment structures are used. These include simple interest schedules, balloon
Applications and limitations: maksevalem is used in loan calculators, financial planning, and educational materials to compare
See also: amortization, annuity, mortgage, loan amortization.