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Calculate total cost of loans with monthly and bi-monthly payments using the (P)(N)(1+i/12)N-1 formula. Quick and accurate loan estimates for better financial planning.
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( ) (i/12)(1+i/12)N Total Cost (Monthly Payments) = (P) (N) (1+i/12)N - 1 Total Cost = ( ) (i/24)(1+i/24)N Total Cost (Bi-monthly Payments) = (P) (N) (1+i/12)N - 1 Total Cost =