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How do you calculate a loan payment?

Answer

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Wiki User
08/19/2013

One may calculate a loan payment by using a loan calculator. One would need to know the interest rate, the length of the loan, and the amount borrowed. There are several places to look for a loan calculator online. If one types in loan calculators many types will pop up. Bankrate has loan calculators for practically every type of loan there is - home, auto, credit card, etc.