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Calculates monthly interest payments, total interest, and amortization schedules for loans and savings.

공식

Monthly Interest = Principal * (Annual Rate / 12 / 100)

단계별 가이드

  1. 1Enter the principal amount and annual interest rate
  2. 2Input the loan term in months
  3. 3Calculate monthly payment and total interest paid

풀어진 예시

입력
$200,000 at 4% APR for 360 months
결과
$954.83 monthly payment, $143,739 total interest
30-year mortgage example

피해야 할 일반적인 실수

  • Using annual rate without dividing by 12
  • Confusing simple and compound interest

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