Weekly Payment Loan CalculatorEXAMPLE: - You're going to give your daughter a loan of $1,000.00. She agreed to pay you an interest rate of 7.75% (compounded weekly) and $20 per week until it's fully paid. How long will she have to pay?
Using this calculator, enter:
- 1000 = Loan Amount
- 7.75 = Interest Rate (Compounded weekly)
- 20 = Payment
- Press the Weeks button and you'll see it will be paid in full in 52 weeks (1 year).
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