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Payments

Looking for a way to compare different financing opportunities?  The Payments Caclulator allows you to determine and compare the size of payment and amount of interest you pay for different financing options.  The model allows you to set up as many as three examples for side-by-side copmarison.

Each example assumes the same interest rate throughout the period, and equal payments throughout the period.  But each example can be totally different in the vlaues you provide.

After you have filled the highlighted data fields, click on the CALCULATE button and the model will display the results.
  Example
'A'		 Example
'B'		 Example
'C'
amount to be financed
interest rate (4.5% per year is entered as 4.5)
starting date (xx/xx/xxxx)
number of payments
payments are made weekly, monthly, yearly?
   
payment amount
       
date of final payment
total payments
total interest paid