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Learn to Calculate Loans in 8 Simple Steps!
Welcome to the Course!
A little about myself before we start!
Step 1 - Loan Agreement
Know the numbers being agreed upon
Step 2 - Calculate Annual Interest Incurred
How much will we be charged in interest for the first year?
Step 3 - Calculate Daily Interest Incurred
How much are we charged each day?
Step 4 - Calculate Total Days in Loan Period
How many days total to pay off the loan?
Step 5 - Mystery Step (Trust me, we'll need this number later)
This number is needed to balance the final equation.
Step 6 - Calculate Total Interest Added to Loan
How much "additional" money will I owe?
Step 7 - Calculate Total Loan Cost After Interest
How much will I owe overall?
Step 8 - Calculate Monthly Payments
What is the minimum that I need to pay each month to avoid penalties?
Thank You for Taking This Course!
Congratulations! You can calculate loans now!
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Bonus Material
Online courses for managing finances
A list of insightful financial articles
Need help saving money? There's an app for that!
Quick videos about money
Websites and tools to help you manage your income
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