Material Detail

The loan calculator can be used to find out your monthly payment and cost of borrowing for a fixed-rate loan but also considering an annual interest variation. For this, both the French method and the German method are used. GOAL: Use this calculator to determine the interest paid, the principal paid, the monthly payment and the remaining balance for a fixed-rate loan but also considering an annual interest variation. You can compare results from the French method and the German method, and basically determine if a longer term makes sense. INTRODUCTION: Taking on a loan is a big responsibility, so it is important to learn how it works. Before applying for a loan, this loan calculator offers you the possibility to visualize different scenarios.

Disciplines:

• Business  / Management

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