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How do I use a loan calculator?
- Enter the number of payments that you want to amortise auto loan in.
(ex.12, 24, 36, etc)
- Enter the interest rate figure without the percentage sign.(ex.7, 8.5, 9.25, etc).
- Enter the amount of auto loan that you want to take out.
- Press the submit button.
- The resultant figure is the amount of monthly repayments.
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