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VeryInteresting Loan Calculator

Loan Amount:	$,000
Interest Rate:
Loan Length (Term):
Payment frequency:
Show Amortization table?	Yes No

Instructions

Enter the loan amount (no commas or dollar signs!),

Select a monthly interest rate,

Select the length of the loan in years, and

Select how often you will make payments (monthly or bi-weekly)

Click on the Calculate button

VeryInteresting will show your approximate monthly payment and the total amount of interest you will pay over the course of your loan.

Note: these figures are not exact due to rounding, but should give you a good idea of your payment and interest.

VeryInteresting v1.0 is Copyright 1999 Kristina Pfaff-Harris
and can be found at http://www.tesol.net/scripts/

The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.