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Use this simple calculator to get a sense of how much money the interest on your loans and lines of credit can cost you over time.

COMPOUND INTEREST

Months
1 = .08
2 = .17
3 = .25
4 = .33
5 = .42
6 = .50
7 = .58
8 = .67
9 = .75
10 = .83
11 = .92

 

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