Different loans carry different terms. Your interest rate may be fixed over the life of the loan, or be variable and adjust periodically depending on market rates, or it may vary depending on amounts outstanding or the timing of payments. Enter here the annual percentage rate indicated on your most recent statement.
Some business loans have a fixed principal that is paid down over time, while others are lines of credit where the principal varies depending on how much you draw down on your credit line. Indicate here your current total balance outstanding.
If the IRA holder turns 70½ this year, he or she can defer the first distribution until April 1 of the next year. If the holder is older, he or she would normally be required to take an RMD before December 31 of this year. RMDs are considered taxable income for the year in which they are taken.
If your loan is a line of credit, chances are that your payment varies from month to month, depending on outstanding balances and your monthly cash flow. For planning purposes, however, estimate here what your average monthly payment will be, including principal and interest.