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  2. How to calculate interest on a car loan - AOL

    How to calculate car loan interest payments There are several ways to calculate your monthly auto loan interest payment. You can use an online loan payment calculator or work directly with a lender.

  3. How to calculate loan payments and costs - AOL

    For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...

  4. How to save for a car: A step-by-step guide - AOL

    2. Calculate your down payment. Before you head to the lot to buy a car, take the time to calculate your down payment. This amount will depend on your unique financial situation and the kind of ...

  5. How to calculate interest on a loan: Tools to make it easy

    You can calculate your total interest by using this formula: Principal loan amount x interest rate x loan term = interest. For example, if you take out a five-year loan for $20,000 and the ...

  6. Amortization calculator - Wikipedia

    Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage ), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

  7. How Much Car Can I Afford? How To Calculate - AOL

    3. Do Your Research. Armed with your credit score, it’s time to figure out what kind of car you realistically can afford. Go back to the 20/4/10 rule. If you bring home $4,200 a month after ...

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