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Calculation of interest only on a loan payment in which the borrower pays only interest on the loan within a certain period of time and the principal amount is not reduced.
Just the interest on the loan:
The fixed interest rate on a loan in which the borrower pays only interest on the principal amount of the loan within a specified period of time, without paying the principal amount of the loan.
This tool will help you dynamically calculate the interest on the loan.
Kumon Math and Reading Center of SAN ANTONIO - ALAMO HEIGHTS
5323 Broadway, San Antonio, TX 78209