To calculate the payment amount and the total interest of any fixed term loan, simply
fill in the 3 left-hand cells of the first row and then click on "Compute." Use
the other three rows to see what effects are produced by changing any one of the loan's
original variables. Note: When entering numbers into the data fields only use numbers and applicable
decimal points. Entering commas, dollar signs, or any other non-numeric characters will
cause an error. Also please note that this calculator has been tested to work with
Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However, both must have
the JavaScript option turned on. |
