It's good to know how much you'll be paying in interest on fixed rate loans. The amortization calculator is the answer. The calculator is especially useful for car loans, mortgages and student loans as it can show you the breakdown of your payment (i.e., how much is being credited to interest and principle).
The cost of borrowing is sobering, but necessary. Remember all of the interest you pay means extra hours in the office or on the screen. I hope you find the new info interesting...
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