WOLFRAM|DEMONSTRATIONS PROJECT

Auto Loan Calculator

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amountborrowed
20000
loan rate in %
1-year
5.49
2-year
5.49
3-year
5.79
4-year
6.29
5-year
6.79
6-year
6.79
Amount of loan: $20000
duration ofloan (years)
interest rate
monthlypayment
principalpaid
total interestpaid
total amountpaid
1
5.49
$1716.64
$20000
$599.73
$20599.73
2
5.49
$881.82
$20000
$1163.76
$21163.76
3
5.79
$606.54
$20000
$1835.35
$21835.35
4
6.29
$472.36
$20000
$2673.49
$22673.49
5
6.79
$394.05
$20000
$3642.72
$23642.72
6
6.79
$338.97
$20000
$4405.62
$24405.62
Calculate your monthly car payment for loans ranging from one to six years. Interest is compounded every month.