Why do business owners get frustrated with the complexity of offering finance programs to their customers? Lots of paperwork Bait and switch lenders Customers being turned down It can take a really long time to get paid But the advantage of offering payments to...
Are you a small business? Are you looking to lease and finance equipment to help your business operate and grow? Here are 5 questions to ask yourself so you can get started leasing or financing equipment to your strategic advantage: How will you be using the equipment...
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The Federal Reserve’s long-awaited liftoff on its benchmark interest rate won’t happen until September, according to economists surveyed by Bloomberg News, as officials try to spur inflation and hiring after the economy stumbled in the first quarter. Policy makers...
Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months",
"annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection,
"End-of-Period", the first payment will be due one month after the loan is made. If
"Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding
frequency and the ability to print an amortization schedule? Please visit,
Currency and Date Conventions
All calculators will remember your choice. You may also
change it at any
"Save changes" will cause the calculator to reload. Your
edits will be