![]() ![]() Loan calculations can be performed in any currency, and for any period or payment interval. From these variables, Wolfram|Alpha can generate a custom report showing useful summary information about the loan period and overall costs. The simplest loan calculation requires only a total loan amount, a loan period and the annual percentage rate of interest on the loan. Loan basics Wolfram|Alpha can compute monthly payments, effective interest rates and total interest paid over the life of a basic loan of any size or length-whether you're calculating a personal, student or business loan or a loan for a car, boat or other major purchase.
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