# How to Use the Loan Calculator in Quicken 2010

To help you better manage your debts, Quicken provides a neat Loan Calculator that computes loan payments and balances. Here’s how to calculate a loan using the Quicken 2010 tool:

## 1Click the Planning tab, and then click the Financials Calculators button.

Quicken’s list of financial calculator tools appears.

## 2Select the Loan Calculator from the list.

Quicken displays the Loan Calculator dialog box.

## 3In the Loan Amount text box, enter the amount of the loan.

For example, if you want to check the lifestyle of the ostentatious and vulgar, type 5,000,000.

## 4Enter the annual interest rate percent in the Annual Interest Rate text box.

If a loan charges 6 percent interest, for example, type 6 (not .06).

## 5In the Number Of Years text box, type the number of years you plan to make payments.

For a 30-year loan, enter 30.

## 6In the Periods Per Year text box, enter the number of loan payments you plan to make per year.

If you want to make monthly payments, for example, type 12.

## 7Select the interest compounding period from the Compounding Period drop-down list.

If a loan uses monthly compounding, for example, select Monthly.