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    Total Interest Paid on Loan

      Calculator computes the total interest paid on a loan (assuming no prepayments) payment for a given principal loan amount, monthly payment amount and term of loan (in years).


      Specific information regarding computation of total interest paid (assuming no prepayments), please reference http://math.info/Misc/Amortization_formulas



      Principal loan amount:
      Monthly payment amount:
      Term of loan (in years):