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💰 Payment Calculator
Loan Amount
Annual Interest Rate (%)
Loan Term
Term Unit
Years
Months
Precision (decimal places)
Clear
Calculate
Calculation Results
Monthly Payment
-
Total Payment
-
Total Interest
-
Number of Payments
-
Notes:
This calculator uses the standard loan payment formula: M = P * (r(1+r)^n) / ((1+r)^n - 1)
Where: M = monthly payment, P = principal loan amount, r = monthly interest rate (annual rate/12), n = number of payments