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in Excel, you can use PMT() formula, or...

http://en.wikipedia.org/wiki/Amortizatio n_(business)


I=prt. Interest = (principal amount)(rate)(time)

I=$6000(6.5)5

interest=195,000


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calculate loan payments news

Prosper.com Funds More Than $300 Million in P2P Personal Loans

23.02.12

SAN FRANCISCO, CA, Feb 02, 2012 (MARKETWIRE via COMTEX) -- Prosper.com, a peer-to-peer lending marketplace for personal loans and investments, announced today that it has funded more than $300 million in P2P consumer loans since inception. The company also announced that it funded a record $10.8 million in loans in January alone. This latest monthly milestone continues a streak of 12 consecutive months of record growth, a 178% year-over-year increase in personal loans funded.


Source: MarketWatch (press release)