Help for Interest over Complete or Partial Loan Periods

Amount Borrowed:  How much are you borrowing or lending?

Annual Interest Rate:  What is the actual interest rate per year?

Term of Loan (Years):  To help you calculate interest between any two payments, we need to know how many years are in the loan period.

First Payment to Measure:  If you want to know what the interest expense is is the second year of ten year monthly payment loan you would enter 12.

Last Payment to Measure:  If you want to know what the interest expense is is the second year of ten year monthly payment loan you would enter 24.