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2. How to calculate loan payments and costs - AOL

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

   A personal loan calculator allows you to compare the payments on a variety of loan terms to figure out which one is the best fit for your budget. ... a $20,000 loan with a 48-month term at 10 ...

3. 4 types of debt you can consolidate

   www.aol.com/finance/3-types-debt-consolidate...

   For example, if your APR is 16% on your credit card and you consolidate $10,000 in debt with a new, 24-month personal loan with a 7.5 percent rate, you could save: Nearly $1,100 in interest fees ...

4. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   The denominator of a Rule of 78s loan is the sum of the integers between 1 and n, inclusive, where n is the number of payments. For a twelve-month loan, the sum of numbers from 1 to 12 is 78 (1 + 2 + 3 + . . . +12 = 78). For a 24-month loan, the denominator is 300. The sum of the numbers from 1 to n is given by the equation n * (n+1) / 2.

5. How to get a personal loan in 9 steps - AOL

   www.aol.com/finance/personal-loan-8-steps...

   Once you’ve zeroed in on your loan amount, run some numbers using a personal loan calculator. Experiment with longer terms if you want to keep your payment lower or shorter terms if you want to ...

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. Effective interest rate - Wikipedia

   en.wikipedia.org/wiki/Effective_interest_rate

   For example, a nominal interest rate of 6% compounded monthly is equivalent to an effective interest rate of 6.17%. 6% compounded monthly is credited as 6%/12 = 0.005 every month. After one year, the initial capital is increased by the factor (1 + 0.005) 12 ≈ 1.0617. Note that the yield increases with the frequency of compounding.