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2. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).

3. Should you pay off your car loan early? - AOL

   www.aol.com/finance/pay-off-car-loan-early...

   That extra amount should go directly toward the principal, especially if you specify that intention when you make your payment. Use an auto loan early payoff calculator to find out how much you ...

4. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

5. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   This amortization schedule is based on the following assumptions: First, it should be known that rounding errors occur and, depending on how the lender accumulates these errors, the blended payment (principal plus interest) may vary slightly some months to keep these errors from accumulating; or, the accumulated errors are adjusted for at the end of each year or at the final loan payment.

6. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...

7. Paying off debt early: Advantages and disadvantages - AOL

   www.aol.com/finance/paying-off-debt-early...

   For example, if you have a $20,000 personal loan with a five-year term and 7.5 percent APR, the monthly payment would be $401. Over the entire course of the loan, you’d pay a total of $4,046 in ...