Loan Calculator
Calculate monthly payments, total interest using equal principal and interest repayment.
Loan calculator computes monthly payments, total interest, and amortization schedule using equal installments.
Features
- Automatic monthly payment calculation
- Total payment and total interest
- First 12 months amortization schedule
- Principal vs interest breakdown
How it works
Monthly payment = P × r(1+r)^n / ((1+r)^n - 1), where P=principal, r=monthly rate, n=months.
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