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Loan Comparison Calculator

This calculator will help you to compare the total interest charges of four different loans.

Instructions:To calculate the payment amount and the total interest of any fixed term loan, simply fill in the 3 left-hand cells of the first row and then click on "compute." Use the other three rows to see what effects are produced by changing any one of the loan's original variables.

Number of Payments Interest
Rate		 Principal Monthly
payment		 Total
Interest		  
 

Number of Payments:
Enter the number of payments that will be made on this loan. For example, a 3-year loan repaid monthly would result in 36 payments.

Interest Rate:
Enter the Interest Rate on the loan.

Principal:
Enter the amount to be borrowed.

Monthly Payment:
This will show the amount of your monthly payment.

Total Interest:
This will show the amount of interest that will be paid on the loan.
 
 
 
 
 
 
 
  
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