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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.
First Column: # of Payments
Second Column: Interest Rate
Third Column: Principal
Fourth Column: Monthly Payments
Fifth Column will tell you the total interest for each rows inserted values.
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