Loan Simulator calculates the total repaid by year and by month to pay off a loan. This allows you to tweak your repayments to ensure that you repay a loan, or control your total interest.
To use the application, simply fill in the top these fields:
- Loan Amount,
- The Intereset Rate,
- Number of Year for refunding.
Then the application displays the amount you must refund by Year and By Month and then Total you will pay. At any time you can view a handy amortization/payment schedule showing how much of your loans principle and interest will be paid each year.
Save yourself time and money with this powerful Loan Simulator !