Calculatrice des mensualités d'un prêt à l'éducation

-

min lire

Education loan monthly payment calculator

ure, here’s a more casual explanation of how your monthly education loan payment can change based on different factors, along with a simple tool to help you figure it out:

Alright, so when it comes to paying back your education loan every month, a few things come into play. We’re talking about the main amount you borrowed, how much interest is tagged along, and how long you have to pay it all back. It might sound a bit confusing, but don’t worry – I’ve got a nifty calculator that can help you get a rough idea.

So, the magic formula looks like this: Monthly Payment = (Loan Amount) * (Interest Rate per Month) / (1 – (1 + Interest Rate per Month)^(-Number of Months))

To make sense of this, you need to punch in some numbers:

  1. Loan Amount: This is the grand total you borrowed, including the main amount and the sneaky interest that piled up.
  2. Interest Rate: This is how much extra you’re paying every year. To make it monthly, just divide it by 12.
  3. Number of Months: This is how long you’ll be on this repayment train.

Once you throw in those numbers, this clever calculator will spit out an estimate of what you’ll be paying every month to tame that loan. It’s like having a crystal ball for your loan payments! Just keep in mind, it’s an estimate, so there might be some tiny differences when you actually start paying. But hey, it’s a great way to wrap your head around the numbers.