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2. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   As with other types of loans, the overall cost of a car loan comes down to one major factor: the annual percentage rate. The APR includes both interest and lender fees, expressed as a percentage.

3. Should you use a home equity loan to pay off an auto loan?

   www.aol.com/finance/home-equity-loan-pay-off...

   Using a home equity loan to pay off a car usually isn’t advisable. ... If you took out a five-year $15,000 loan at that rate, your monthly payment would be about $308, and you would pay $3,508 ...

4. Should I use a home equity loan to buy a car? - AOL

   www.aol.com/finance/home-equity-loan-buy-car...

   Pros of using a home equity loan to buy a car. Longer term, lower payments: Home equity loans are structured in such a way that you can repay the money over a much longer period of time. Most car ...

5. Personal contract purchase - Wikipedia

   en.wikipedia.org/wiki/Personal_contract_purchase

   The monthly payment amount is determined by the amount of the initial payment (the ‘deposit’), which can be negotiated with the financing company, and the final balloon payment, which is set by the financing company. The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6]

6. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

7. 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.).