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What is the formula for finding monthly payment when you know the interest and principle amouint?
total cost= monthly payment [1-(1+APR)to the power of -n/APR
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.
What is the formula for calculating APR?
Assuming you mean Annual Percentage Rate, you can find the formula, as well as a handy calculator via the page link, further down this page, listed under Sources and Related links. .
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%
What is the formula for calculating APR for an adjustable rate mortgage?
a
What is the formula to get the APR?
Principle X Rate/time
What is the formula for calculating a mortgage payment?
PMT=[P(APR/n)]/[1-(1+(APR/n))^(-nY)]
What is the formula for finding monthly payment when you know the interest and principle amouint?
total cost= monthly payment [1-(1+APR)to the power of -n/APR
How is the APR calculated?
I tried to put it in words� it be easier and make more sense for you to go online and look at the formula yourself. There are plenty of APR calculators online if you need a quick fix. To find the monthly payment for an APR loan, use an online Loan Calculator.
What is the formula to find an APY?
APY = (1+ period rate)# of period - 1 Where period rate = APR / # of compounding periods in a year
What formula determines the interest amount on a loan?
To find the APR which is the true rate of interest charged for a loan, use the following formulawhere APR is the annual percentage rate,i is interest (finance) charge on the loan,P is principal or amount borrowed, andn is number of months of the loan. APR = 72i__________________3P(n + 1) + i(n - 1)
What is disclosed in APR?
APR is annual percentage rate. That rate would be stated in the APR.
What is the APR rate on the newest Discover Credit Card?
Discover Credit Card offers an intorductory purchase and transfer APR of 0%. After 15 months at 0% APR, the APR will change to a variable purchase APR. The APR will vary from 11.99% to 19.99%.
What is the abbreviation for April?
Apr. is the abbreviation for April.apr
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.
What is the formula for calculating APR?
Assuming you mean Annual Percentage Rate, you can find the formula, as well as a handy calculator via the page link, further down this page, listed under Sources and Related links. .
