Question for the Money Doctors
Question submitted on Oct 1, 2019.
QuestionI want to calculate a loan with a set payment of $400.00 a month. What calculator do I use
You are missing three very important variables in this calculation.
1. Beginning balance of loan.
2. Term of loan
3. Interest rate of loan
You will need to get this information to be able to evaluate your loan options.
Your phone has this calculator built into the Calculator Function, but it is useless without the information.
For additional information visit //www.360financialliteracy.org/