Is a simple interest loan calculator simple?

1 Answer

Answer :

Yes, usually these calculators just allow you to put in the principal amount of the loan, number of months the loan is over, and the interest rate and it helps you figure out your problems.

Related questions

Description : Where can I find a good simple interest loan calculator?

Last Answer : Almost certainly there is one available on you bank's web site as most banks offer this service these days. If the one your bank provides seems too complex for you, try the calculators provided by other banks to see which one you like best.

Description : Will an interest only loan calculator help me determine my monthly payments?

Last Answer : An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.

Description : Is there a benefit to making a principle only payment on a simple interest loan?

Last Answer : Paying extra principle will reduce your interest costs. Sometimes the reduction is in the next payment, but there is always a reduction at the end.

Description : Can a loan that charges a fee of any kind be considered a "simple interest" loan?

Last Answer : answer:As I understand it, simple interest just ignores compounding. Like this: FV = principle interest periods. I would have thought compound interest is the conventional way to do a bank loan, ... interest rate, n = number of periods Is the fee being discounted? What context is this for?

Description : Using simple interestWhat amount produces a loan of $1,000 to 9 months, at 6% annual interest What is the interest I of the previous problem transaction (problem 1)?

Last Answer : Hey, if someone reads this, don't worry about it I already found the answer but thanks for worrying.

Description : Amortizing Loan Calculator?

Last Answer : Amortizing Loan CalculatorEnter your desired payment - and let us calculate your loanamount. Or, enter in the loan amount and we will calculate yourmonthly payment. You can then examine your ... payments made, and total interest paid. Pressthe report button to see a monthly payment schedule.

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

Description : Loan Comparison Calculator?

Last Answer : Loan Comparison CalculatorDetermining which loan provides you with the best value involvesmore than simply comparing monthly payments. Use this calculator tosort through the monthly payments, fees and other costs ... for you. Click on the "View Report" button to see the resultsin detail.

Description : Balloon Loan Calculator?

Last Answer : Balloon Loan CalculatorA balloon loan can be an excellent option for many borrowers. Aballoon loan is usually rather short, with a term of three to fiveyears, but the payment is based on a ... must refinance your loan or convert the balloon loan to atraditional loan at the current interest rates.

Description : Auto Loan Calculator?

Last Answer : Auto Loan CalculatorUse this calculator to help you determine your monthly auto loanpayment or your auto purchase price. After you have entered yourcurrent information, use the graph options to see ... . Youcan also examine your complete amortization schedule by clicking onthe "View Report" button.

Description : Bi-weekly Auto Loan Calculator?

Last Answer : Bi-weekly Auto Loan CalculatorThis calculator shows you possible savings by using anaccelerated bi-weekly auto loan payment. Bi-weekly paymentsaccelerate your auto loan payoff by paying 1/2 of your ... thousands of dollars in interest. Click on the "ViewReport" button to see your savings!

Description : Where online can I find a loan payoff calculator?

Last Answer : You can go to the site calculator.bankrate.com. It will show you a free loan payoff calculator on their site and you can use it. Just type in your loan information and do it!

Description : Where can I find information about calculator for car loan?

Last Answer : If you are looking to get a loan for a car but are unsure about how much it will end up costing you, you can use a calculating tool available at www.cars.com under their "Advice" section. A general loan calculator is also available at www.onlineloancalculator.org.

Description : How can a loan refinance calculator help me refinance my loans?

Last Answer : The Refinance Calculator helps you determine whether a refinance makes sense for you. It will also explain why and give you the necessary motivate to help you make the right conclusion.

Description : What is the meaning of auto loan calculator.?

Last Answer : An auto loan calculator shows how much you're REALLY paying for a car after the loan term and interest rate are factored in. It can also calculate how long it will take to pay off your loan based on how much you are paying each month.

Description : Is a student loan calculator accurate?

Last Answer : Absolutely! There are many websites you can go to in order to better understand the best ways to use a student loan calculator as well such as studentloanstips.net, consoldiatestudentloansnow.com, and studentloannetwork.com!

Description : How do I find a calculator for car loan payments?

Last Answer : If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx

Description : FHA Loan Calculator and Loan Options?

Last Answer : FHA loans were created to help minority people and other first-time home owners purchase a home. A FHA Loan calculator can help you figure out how much mortgage you can afford. It is important to be ... You must also figure in the annual taxes for the home. All of these figures will help you dete

Description : Where to find an interest rate calculator?

Last Answer : Yes you can find in the internet, that many website will give you interest rate calculator for make calculation for you finance its like amazon and www.ybonline.co.uk

Description : Where could I find an interest only calculator for savings?

Last Answer : Interest.com is the site where you can find comprehensive mortgage calculator, as well as the basic mortgage calc you can check the impact of savings vs mortgages, offset mortgages, overpayments.

Description : Where can I find an interest calculator for my savings account?

Last Answer : Financial institution sites such as banks offer different form of calculators to help you manage your finances. Fanniemay, Chase, and Citi bank offer a lot of calculator tools to help you.

Description : Where can I find a compounded interest calculator to help me calculate yields for a savings account?

Last Answer : You can find that type of calculator on most large banks websites such as Bank of America or Citi. They allow you to see what your money would be like after a certain time with a certain interest rates.

Description : Where can I find a CD interest calculator?

Last Answer : The best cd interest calculator can be found on cdcalc dot com. They have the best tool to determine which cd is best for your own situation to invest in.

Description : What is meant with interest payment calculator in finances?

Last Answer : The interest payment calculator lets you determine how much interest you are paying on a loan. this is a very valuable tool to use to utilize your ability to make extra house payments to see the exact number of dollars you are saving by doing so.

Description : An Interest Calculator Can Save Borrowers Money?

Last Answer : Figuring out accrued interest on a loan can be accomplished using a simple interest calculator tool. The total amount paid in interest charges over the life of the loan can also be figured using ... the entire loan period will be able to make an informed decision after using an interest calculator.

Description : What is an Investment Interest calculator?

Last Answer : An investment interest calculator will calculate the amount of interest that you will have to pay on an investment on a home, car, or other type of big expense.

Description : How to calculate compound interest using a monthly investment calculator?

Last Answer : A simple formula can be used to calculate the amount the dollar invested is worth over a monthly period. Use PV*(1+R)/N where PV is your present investment, R is your interest rate and N is the number of investment periods.

Description : How to use a TI-89 calculator to simplify simple expressions?

Last Answer : I dont know but would this be any help http://oakroadsystems.com/math/polysol.htm good luck!

Description : What is the algorithm for simple calculator?

Last Answer : A simple calculator works strictly left to right:get a number as the result of the last operation (if there is no number make it zero)make the result of the last operation the current numberget the next ... x 2 = 8The reverse polish calculator would have the same calculation entered as "1 3 + 2 x"

Description : What is a simple mortgage calculator?

Last Answer : A simple mortgage calculator is a tool used to calculate mortgage payments. It simplifies the compound interest process to give users a single payment number.

Description : Which of the following is not an example of a “small-scale embedded system”? A. Electronic Barbie doll B. Simple calculator C. Cell phone D. Electronic toy car

Last Answer : C. Cell phone

Description : Which of the following is not an example of a “small-scale embedded system”? A. Electronic Barbie doll B. Simple calculator C. Cell phone D. Electronic toy car

Last Answer : Electronic barbie doll

Description : Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Last Answer : I buy new cars about every eight or ten years. I had my share of used vehicles when I was younger and spent a lot more than 3,000 on upkeep, repairs, replacing parts, etc. I have no idea how to work on ... tires, and brakes, then I buy a new one. I have never spent over 18,000 on a new car though.

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Description : Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Last Answer : If you want to learn more about the Federal Reserve system and how it works, start with Wikipedia and then, for fun, consider asking targeted questions of the conspiracy theorists here on Fluther. ... takes something of yours. Interest happens when you choose to pay for the opportunity to borrow.

Description : Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Last Answer : From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

Description : What is the personal loan interest rates in India?

Last Answer : Personal Loan Interest Rates varies from bank to bank.Best lender for personal loan with low interest rate is Buddy Loan India.

Description : Can interest on Home Equity loan be deducted from federal taxes

Last Answer : The interest on most home equity loans is tax deductible. There are limitations to interest deductions for home equity loans depending on what the loan is used for. For more information about home equity loan tax deductions, see IRS Publication 936, Home Mortgage Interest Deduction .

Description : What interest applies when interest for each year is based on the amount of the loan or investment?

Last Answer : When each interest calculation uses the initial amount, this is called Simple Interest. The other type is Compound Interest, which uses the current balance as the basis for interest calculation.

Description : When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is remainder of the loan called?

Last Answer : loan proceeds

Description : When polocy loan plus interest owed exceeds death benefit?

Last Answer : What is the answer ?

Description : If the federal reserve buys a treasury bond from a bank what will be the effect on interest rate the bank charges its customers for a loan?

Last Answer : The interest rates will decrease since there are more available funds for the bank to loan.

Description : What banks offer the best interest rates on a debt consolidation loan in the Boston area?

Last Answer : There are a lot of banks that offer good interest rates on debt consolidation loans. The best one to choose is Regions.

Description : What is the average interest rate on a Home Equity Loan in Texas?

Last Answer : The average interest rate on a Home Equity Loan in Texas is about 8 to 10%. You can read more at www.window.state.tx.us/specialrpt/homeeqty03/ There are several different types of loans and circumastances,so a tru average is not possible. You can find rates as low as 5% and as high as 19%

Description : What is the average interest rate for an emergency cash loan?

Last Answer : Interest rates differ from each bank/NBFCs to another.As per my research, if you are looking for an emergency loan, I would recommend going for Money View Loans or IndiabullsDhani.Money View app is the best ... to apply online within 5 mins and get a loan in just 12 to 24 hours of approvals.

Description : What is the average interest rate on a short term loan with great credit?

Last Answer : The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.

Description : What is the going interest rate for a VA Small Business Loan ?

Last Answer : The interest rate on a VA small business loan is set on the basis of the prime interest rate. For a loan of $25,000 or less 7 years or less Prime + 4.25%, and for $50,000 or more 7 years or more Prime + 2.75%

Description : what is the maximum rate of interest permited by the state of TN on a new car loan.?

Last Answer : The rules are that the legal rate and judgment rate of interest is 10%. The general usury limit is 24%, or four points above the average prime loan rate, WHICHEVER IS LESS.

Description : How long does it take to pay off a car loan at average interest rate?

Last Answer : The time it takes to pay off a car loan with an average interest rate depends on many factors such as the type, cost, and mileage of the car. The average to pay off a car loan for a new car is generally about 5 years, give or take the model of the vehicle.