|
This
calculator answers key questions about the cost of borrowing,
in a variety of ways.
To
use this calculator you must leave one box empty. For
example, to find out what your payment will be on a loan,
enter the loan amount (principal), how long you will take
to pay the loan back (the term), the interest rate, and
how often you will make repayments. Click calculate to find
out what your payments will be. If you are calculating a
typical consumer loan, you can leave the "how often the
loan compounds" field set at monthly.
|