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| There are plenty of loan interest calculators out on the Internet. Here's a nice calculator you can use. Go to http://www.finaid.org/calculators/loanpayments.phtml. A Loan Payment Calculator page appears. |
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| Scroll down the page to the loan calculator and enter the amount of your loan, the interest rate, and the number of years in your loan. Leave the Minimum Payment field blank. |
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| Click the Yes option to request a payment schedule for this loan calculation, then click the Calculate button. Although the option reads "Print payment schedule," the schedule will not print at this time - it will simply appear on your screen. |
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| On the next screen, you will see the monthly payment for your loan and the total amount of interest that will be paid. |
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| Scroll down, and you will see a detailed payment schedule that includes the amount of each monthly payment that represents interest and principal. Choose File>Print from your browser menu to print a copy of this schedule. You can then refer to the schedule each time you need to enter a loan payment in QuickBooks. |
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United States
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