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***EXAMPLES*
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(note: the term "amount" means "principal")**

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1) You want to borrow $10,000 at 10 per cent interest for 4 years. What is
the monthly payment?**

*ANSWER*

Click the
PAYMENT button, input the amounts, click calculate and the answer is $253.63
per month.

**
2) You can afford to pay $900.00 per month for a loan. If the loan is 8%
and for 15 years, what is the maximum amount you can borrow?**

*ANSWER*

First click the AMOUNT button, enter the 3 amounts, click calculate and your
answer should be $94,176.53.

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