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Abstract
A student loan calculator is developed to determine the weighted-average interest for multiple student loans and payout information for an individual or a consolidated student loan. With any three of four inputs—loan amount, interest rate as an APR, monthly payment, loan maturity—the remaining input is generated. This structure for the calculator allows for multiple payment scenarios to be considered.
TOPIC: Wealth management
Key Findings
• Financial planning calculators for student loan repayment.
• Calculator for determining weighted interest rate for student loan repayment.
• Information to consider when consolidating student loans.
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