Calculating loan repayment and total amount owed Forum

[lsatbdog]

I am curious as to how the interest on student loans accrues long-term and if there is an easy way to calculate this.

This might seem like a silly question, but since interest is constantly accruing while you are making the payment it seems like it is a tricky (or at least really time-consuming) calculation to make. Is there any relatively simple way to calculate this, or some online calculator useful for such purposes?

EDIT:
Found this and it works pretty well...
http://www.bankrate.com/calculators/mor ... lator.aspx
Thats the thread I guess...

[ram jam]

http://www.finaid.org/calculators/loanpayments.phtml

http://en.wikipedia.org/wiki/Compound_interest

[ughOSU]

e: beat me to it...

[Z3RO]

Harvard has this on their website:

http://www.law.harvard.edu/apps/sfs/cal ... home-calc/

lrn2 google.

[baboon309]

You can use formulas inside excel.
It`s not hard.

[GATORTIM]

You can use formulas inside excel.
It`s not hard.

or you can visit one of the half-dozen aforementioned sites /thread

[rosehuten]

Found another website withe good tips.

http://www.financeninvestments.com/loan ... ments.html

[bigworld]

.