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Loan Repayment Calculator

NEWS

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By hahsiam86

This Loan Repayment calculator works out the monthly payments on a loan given the principal, interest rate and number of payments.

All you have to do is set the the sliders to your preference.

Interest is assumed to accrue at the end of each month. The monthly interest rate is calculated by dividing the annual interest rate by 12. Payment amounts are assumed to be constant for the duration of the loan.

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