| To use the loan calculator: |
| |
1. |
Enter the amount of your loan (Principal) |
| |
2. |
Enter the number of monthly payments |
| |
3. |
Enter your interest rate |
| |
4. |
Click "Calculate" |
| The calculator will display the Payment Amount,
Total Amount of Interest Paid, and the Total Amount of the loan
(Principal + Interest) |