Plots are automatically generated to show useful context for each type of interest computation, including amortization tables and charts visualizing relative amounts of principal and interest paid on a given loan. The interest portion of a specific payment on a bond, mortgage or other loan can also be computed given a loan amount, interest rate, number of compounding periods and specified period number. ![]() Our site also offer specific calculators for auto loans & mortgages. Full usage instructions are in the tips tab below. Interest basics Interest is a fixed charge for borrowing money, typically represented as a percentage of the total amount of money borrowed.Ĭompound interest means that interest is earned not only on the principal (the sum originally borrowed), but also on all interest previously earned at specified compounding periods. This financial planning calculator will figure a loan's regular monthly, biweekly or weekly payment and total interest paid over the duration of the loan.
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