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There's a lot of ways to calculate interest. Let's use a house loan as an example. If you already paid for it and want to calculate how much you paid in reality, try this: if you did a 30 year house loan, and you paid 13 months a year, instead of 12 months a year, it takes off 11 years of interest, and it becomes a 19 year loan. Remember to use this in your calculations!

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