To use this Web page interactively, you must have Microsoft® Internet Explorer 5.01 Service Pack 2 (SP2) or later and the Microsoft Office 2003 Web Components.

See the Microsoft Office Web site for more information.

Enter the appropriate numbers in the green boxes to calculate the payment, total paid, and interest paid. DO NOT enter the % sign.
The second pay per period amount is based on the formula from our textbook and is for payments at the end of the payment period.

NOTE: Beside "Begin=1; End=0", use "1" if the payment is at the beginning of the period; use "0" if the payment is at the end of the period.