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Instructions:
If you want to calculate what your monthly payment would be based on a certain loan amount,
- Click on the oval next to "Payment"
- Enter the amount you would like to receive in "Loan amount"
- Enter the number of months you'd like to take to pay back the loan in "Term in months"
- Enter the rate of interest for your loan in "Interest rate"
- Click on "Calculate" to view what your monthly payment would be based on your choices
- To view or print out a report, click on "View Report"
- You can type in different variables for the fields to come up with terms that you can handle
If you want to calculate a loan amount based on a monthly payment you can afford,
- Click on the oval next to "Loan amount"
- Enter the monthly amount you can afford in "Monthly payment"
- Enter the number of months you'd like to take to pay back the loan by "Term in months"
- Enter the rate of interest for your loan by "Interest rate"
- Click on "Calculate" to view what your loan amount would be based on your choices
- To view or print out a report, click on "View Report"
- You can type in different variables for the fields to come up with terms that you can handle
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