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How can someone calculate APR?
Calculating APR can be done either manually or via an online APR calculator. The type of APR you are trying to calculate will determine the method which is used.
Bartholomew just got a new credit card that offers both an introductory APR and a standard APR. If the standard APR is 19.8 which of the following rates would most likely be the introductory APR?
9.8%
What is the APR on a monthly interest of 10.24 percent?
If it is 10.24% (per month), then the APR is 222%, but if it's 10.24% compounded monthly, then APR is 10.7345%
APR Calculator for Adjustable Rate Mortgages?
APR Calculator for Adjustable Rate Mortgages Use this calculator to determine the Annual Percentage Rate (APR) of your Adjustable Rate Mortgage (ARM). Knowing your APR can help you compare different ARMs with different fees and terms.
How do you calculate APR in PHP?
<?php $month = 360; //How many month you have for payment $monthlyPayment = 671.96; //Your monthly payment $moneyBorrowed = 99000; //How much you borrowed $totalPaid = $month * $monthlyPayment; //Number of months * Monthly payment $APRequ = $moneyBorrowed / $totalPaid; //Money Borrowed * Total money paid back $APRMonthly = abs($APRequ-1); //Returns the absolute value of the monthly APR $APR = $APRMonthly * 12; // Monthly APR to get Yearly APR echo $APR; ?>
