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If you have a 9% interest rate, divide 0.09 by 12 to get 0.0075. Multiply the periodic interest rate by your remaining loan balance to calculate that month's interest payment. If you have a $10,000 loan balance, your first month's interest payment would be $75 (10,000 x 0.0075). Loan Interest Calculator – Forbes Advisor forbes.com https://.forbes.com › advisor › personal-loans › loa... forbes.com https://.forbes.com › advisor › personal-loans › loa...
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