Loan Amount
Please enter a valid positive number.
Annual Interest Rate (%)
Please enter a valid positive number.
Loan Term (Years)
Please enter a valid number of years (at least 1).
Calculate
Monthly Payment
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Total Interest
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Total Payment
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Formula:
M = P * [r(1+r)^n] / [(1+r)^n - 1] where P = principal, r = monthly interest rate, n = number of months.