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To calculate a loan principal amount, select the Loan Amount option button under Calculate For on the Loan Calculator. Then enter all the other variables.
As an example, to calculate how much you can borrow if you make $1,000-a-month payments over 30 years and the annual interest rate is 7.25 percent:
Select the Loan Amount option button. Type 7.25 in the Annual Interest Rate text box. Type 30 in the Number of Years text box. Type 12 in the Periods Per Year text box. Type 1000 in the Payment Per Period text box.
After you click the Calculator button or move the selection cursor, the Loan Calculator computes a loan amount of $146,589.
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