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Multiply that figure by the initial balance of your

**loan**, which should start at the full amount you borrowed. For the figures above, the**loan****payment**formula would look like: 0.06 divided by 12 ...As long as you know the principal,

**loan**term and interest rate, you should be able to estimate your**monthly****payment**— and the total interest you will**pay**. Use an**auto****loan****calculator**.Here’s how to

**calculate**the interest on an amortized**loan**: Divide your interest rate by the number of**payments**you’ll make that year. If you have a 6 percent interest rate and you make**monthly**...Amortization

**calculator**The fixed

**monthly****payment**for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the**loan**is paid off in full with interest at the end of its term. The**monthly****payment**formula is based on the annuity formula. The**monthly****payment**c depends upon: r - the**monthly**interest rate. Since the quoted yearly percentage ...The easiest way to

**calculate**the APR of a**car****loan**is to use an online APR and interest rate**calculator**. However, this involves knowing the estimated**monthly****payment**, interest rate, and other fees ...

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