How Do You Calculate Interest Using A Financial Calculator?
Many financial websites have provided free financial calculators with which to calculate interest owed or earned for a financial account. These easy-to-use calculators can be easily accessed, and in most cases do not require downloading. Simply enter the requested information, and you’re done. Calculate interest on an auto loan using the Bank Rate financial calculator. Visit the Bank Rate website (see Resources) and click the “Auto” tab (third tab from the left at the top of the home page). Enter the loan amount, the term of the loan and the interest rate. Click “Calculate.” For example, a $50,000 loan amount with an auto loan term of 60 months and an interest rate of 5.45 percent will yield a monthly auto payment of $953.90. Use other financial calculators available on the Bank Rate website, such as the “Early Pay Off Calculator,” “Buy Versus Lease” calculator and “Loan Rate Comparison” calculator. Click the appropriate link and enter the requested information. Calculate interest usin
