BYU-Idaho Online Learning
Video Transcript
[online tool from Mortgage Advice Online.org]
[This interactive is a Simple Loan Calculator tool that has been taken from Bankrate.com. It allows you to plug in the amount of a loan, the interest rate, and the loan term (year), and will then calculate the total monthly payment for you.]
Loan amount ($): [fill in answer]
Interest rate (%): [fill in answer]
Loan term (years): [fill in answer]
[The information you plugged in and the calculated information will show up directly beneath the Calculate button.]
Full featured loan payment calculator can be found on bankrate.com.
[End interactive activity]