How to Calculate a Loan Payment?

A loan payment is one of the biggest decisions you will ever have to make, especially if it is for a large purchase, like a home. Knowing ahead of time what type of responsibility you will be assuming is very important. I have a formula that will give you an accurate figure if you know the loan amount and the interest rate. You can find more information at http://www.hughchou.org/calc/formula.htm...