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Calculate payments on a loan

THIS WILL CALCULATE: If you know the loan amount and the annual interest, this will calculate your periodic payment.

EXAMPLE: You borrow $80,000 and agree to pay it back in equal monthly payments over 30 years at 8% interest, what is your periodic payment.

Please note:  The result is a negative number because it is a cash outlay. 

12    Sets period per year
30   
8
80000
- 587.01

Click here to calculate the remaining balance on this loan.



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