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23 December, 12:09

In one or two sentences, describe how a person can calculate his monthly payment for a loan.

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  1. 23 December, 15:10
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    A person can calculate their monthly payment for a loan by using a calculator. They will need to use the loan balance, the number of payments, payment amount, and interest rate. One of the most important things needed to calculate the monthly loan is the down payment the person has. There are numerous sites that have a loan payment calculator for customers to use.
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