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MyCreditSchool
MyCreditSchool is an online platform dedicated to learning about credit and other key financial literacy topics such as personal finance, debt management, money management and other insightful knowledge event.

Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://financial-calculators.com/loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Online Courses
Credit Management Program Design & Consulting
Our team of experts brings on board vast experience in the financial ecosystem and are able to add distinct value in an ever-changing world across credit management process, digitization, risk management and governance, digital strategy, operationalization of key departments as well as process optimization.
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You can become one of the top instructors teaching millions of students on MyCreditSchool. We provide the tools and skills to teach what you love