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The loan calculator sample showcases how this tool is designed to help users calculate monthly payments, total interest, and the overall cost of a loan. Users can instantly view the monthly repayment amount and an amortization schedule by inputting details like the loan amount, interest rate, and loan term. The calculator also offers a detailed breakdown of each payment, distinguishing between the principal and interest. This application is ideal for individuals and businesses looking to make informed financial decisions, manage loan payments, and plan budgets effectively.
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