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Do you know how to calculate the monthly payments for your car, home and credit cards? The Wizard does!
The Fed is raising interest rates (don't get nervous-this is just an example), and your variable rate loan is likely to go up. You need the Wizard. You're thinking of buying a $200,00 home. The bank has offered you an 8.5%, 25 year loan. Can you afford the monthly payments? The Wizard is a reliable calculator far less expensive than others that do this type of complicated calculation. Press the "S/C" key to choose "c" (compound interest), enter $200,000 on the "l" key, 8.5% on the "R" key and 300 months on the "P" key. Press Monthly Payment Key ("M"), and the answer is displayed: $1,610.46 The Wizard Monthly Payment Calculator also doubles as a full function 8-digit calculator.
