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What is a loan payment calculator used for?

Anonymous

∙ 13y ago

Updated: 4/28/2022

A loan payment calculator is used for helping you to calculate a monthly payment for any type of loan. You can use it for a mortgage, car, boat, cottage, etc.

Wiki User

∙ 13y ago

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Continue Learning about Other Math

What is a business loan calculator?

A Business-Loan Calculator calculates terms for fixed-rate loans Which you can find by searching and you need This information to use the loan calculator: Loan amount Interest rate Term years Additional monthly payment Monthly payment Total interest Average monthly Interest Number of years

How does the auto loan calculator work?

An auto loan calculator factors in the interest rate of the loan, the loan amount, and length of time for the auto loan. This information givens you the monthly payment as well as loan balance for that particular loan plus the total you will pay over the life of that loan.

Where is a good auto loan calculator?

There are several excellent auto loan calculators online. I suggest that you check out Edmunds for their loan calculator,which can be found and used online. It is an excellent source, and I highly recommend it.

What is an amortization schedule calculator?

An amortization schedule calculator is a calculator that offers you help in figuring out your monthly loan payments. It is a financial aid used to help you save money.

What is an example of a home loan calculator?

LoandAmoritazationSheduler contains and example of a home loan calculator. It will take the principle, interest rate and length of loan to come up with the appropriate figures.

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