The loan calculator is a user-friendly application for calculating loan payments and understanding repayment schedules. Users can input loan details such as principal amount, interest rate, and loan term to compute monthly payments, total interest, and overall cost. The calculator provides a detailed amortization schedule, breaking down each payment into principal and interest components. This sample shows how this tool is ideal for individuals and financial institutions, offering clear insights into loan repayment plans and helping users make informed financial decisions.
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