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A Simple Calculator to Manage Loan Payments
This calculator will provide a close approximation of loan payments based on the input that you provide. When planning a purchase, it is helpful to have some idea of what the payments are in advance of the actual purchase. The practice of good money management starts with becoming familiar with your loan payments and constructing a manageable budget around these payments. To use this calculator, enter the amount of the loan, the length of the loan in months and the interest rate of the loan (i.e. 6.500). After entering the loan information click the "Calculate" button for the results. If you click on the reset button all of the existing information will be cleared and you may begin again.
Non-numeric values will cause errors.
After you calculate your loan payment, it would be wise to create a document or spreadsheet to keep track of all the monthly payments that you are responsible for. Having your expenses listed and looking at them daily is another good money management practice that should give you a realistic view of exactly how much money you make compared to how much money you owe.
This free script provided by |
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