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### How do you calculate what a loan payment will be?

- To calculate a loan payment, use the formula: Payment = (P x R) / (1 - (1 + R)^-N), where P is the principal amount, R is the interest rate per period, and N is the total number of periods.
### What loan means?

- A loan is a financial transaction in which a lender provides money or assets to a borrower, who agrees to repay the loan with interest over a set period of time.
### What is periodic payment of a loan?

- The periodic payment of a loan is the fixed amount of money that a borrower is required to pay back to the lender at regular intervals, such as monthly or quarterly, until the loan is fully repaid.
### How to calculate loan interest?

- To calculate loan interest, multiply the loan amount by the interest rate and the loan term, considering the appropriate time units and compounding frequency as specified in the loan agreement.

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