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Designing a simple interest loan calculator is quite an endeavor. If you intend to design one for computer or online use, you will need extensive computer programming experience. However, if you are simply in need of one, you could probably easily find one online that someone else has already made.
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What absolute claptrap! It is so simple.
Suppose you want to borrow the amount P,
for Y years, and
the annual interest rate is R per cent.
then the total interest due is: P*Y*R/100
Extensive computer programming experience required for that!
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∙ 11y ago
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Is a simple interest loan calculator simple?
Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.
Is home loan interest calculator a basic necessary if yes then why?
Home loan interest calculator is necessary to check the interest of the loan before purchasing, however the interest can change when actual purchasing, therefore it is necessary to get a basic information and idea only.
How does one use a mortgage calculator?
A mortgage calculator works by taking in the general loan information amount, interest rate, term. The calculator takes the information and determines a monthly payment amount.
Is a simple mortgage calculator user friendly?
A mortgage calculator is usually easy to use. Most financial instituations will offer this calculator to allow you to work out the cost of the loan to see if it is what you can afford.
If James borrows 4200 to pay his college tuition. He signs a year simple interest loan. lf the monthly payments are 78.40 what is the interest rate on the loan?
the number equals
Where can you find a simple interest loan calculator for an auto loan online?
Pretty much any online bank or loan office will have an online interest loan calculator. I would suggest going to the company's website that you are getting your loan through to see if they offer a calculator.
Is a simple interest loan calculator simple?
Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.
Do most car dealers use simple interest loan calculators?
Yes most car dealers do use what is known as the simple car loan interest calculator. If the dealer you thinking of purchasing from has a webpage, most of these contain a calculator online as well.
Where can I locate in the state of Alabama at a reasonable price a simple interest loan calculator?
You can get a simple interest loan calculator free online at many various web sites. Most include the state of Alabama, as well as many other states. one of interest to you would be www.aufcu.org/loancalc.asp .
Does an auto loan calculator include interest?
An auto loan calculator can only calculate interest if you input the interest data. Otherwise, the calculator has no idea of knowing how much the interest is.
Will an interest only loan calculator help me determine my monthly payments?
An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.
Is home loan interest calculator a basic necessary if yes then why?
Home loan interest calculator is necessary to check the interest of the loan before purchasing, however the interest can change when actual purchasing, therefore it is necessary to get a basic information and idea only.
Is a loan amortization calculator difficult to use?
No, a loan amortization calculator is not difficult to use. You will need some information like the amount of your loan, interest rate and length of the loan to get an accurate answer from the calculator.
Where can I find a good loan interest calculator?
You can find a good loan interest calculator by visiting www.Bankrate.com is an excellent site that can show monthly payments and the percentage of interest payable and the figure of interest payable as well.
Where can one find an interest only loan calculator?
There are many websites that carry an interest only loan calculator. One can find them at 'NCalculators', 'Bankrate', 'Loanpage' or 'MoneySupermarket'.
What is a business loan calculator?
A Business-Loan Calculator calculates terms for fixed-rate loans Which you can find by searching and you need This information to use the loan calculator: Loan amount Interest rate Term years Additional monthly payment Monthly payment Total interest Average monthly Interest Number of years
Which websites have a home loan interest rate calculator?
If you are looking for a home loan interest rate calculator they can be found on most banking websites. You can find them on websites such as bankrate and BankofCanada.
