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  Payments Required to Pay Off a Loan

 
 
Payments Required to Pay Off a Loan
1. Principle Loan Amount
2. Simple Annual Interest Rate
3. Number of Years to Pay Off Loan
Monthly Payment: 
Total Interest Paid: 
 
 
 
   
Note: This calculator assumes that payments will be made at the end of each month and interest is compounded monthly. The monthly interest rate is calculated by dividing the annual interst rate by 12.
 

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Last modified: January 02, 2009