Interest rate is a very important element of a loan and every borrower must ask about the principal amount of the loan and applied interest rate. A wise borrower always ask about these two things because only then he would be able to calculate the interest rate for the life of the loan and also will calculate how much the loan cost him and how much money he will need to repay. No matter your loan is of a short term or a long term, you can simply calculate the interest rate using either simple...Read more:Short Term Loan Interest Calculator
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