Sample computation to lower your total interest payment

WARNING! Computation not approved by any Title Loan company

ESTIMATING YOUR SIMPLE INTEREST RATE

WARNING! Computation not approved by any Title Loan company

Given data Loan Amount , in $

Given data %, Simple Interest Rate is NOT equal to APR

Estimated Interest / year, in $

Estimated Total Payable in one (1) year , in $

Estimated Monthly Payment Payable in a year , in $

Estimated Bi-Weekly Payment Payable in a year , in $

Enter the quoted, Bi-Weekly Payment from Title Loan Provider

Title Loan estimated simple interest rate %

interest, i = Loan Amount * simple interest rate

Total Payable = Loan Amount + interest

Calculated Monthly Payment = Total Payable/12

Calculated Bi-Weekly Payment = Total Payable/26