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How do you calculate a loan payment?


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Answered 2013-08-19 20:04:50

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.

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