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What is the formula for calculating APR?

Updated: 9/11/2023

Wiki User

∙ 13y ago

Best Answer

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.

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∙ 13y ago

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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.

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How can I find the APR formula?

The formula for calculating the Annual Percentage Rate (APR) is: APR (Interest Fees) / Principal x 365 / Days loan is outstanding

What is the formula for calculating a mortgage payment?

PMT=[P(APR/n)]/[1-(1+(APR/n))^(-nY)]

What is the formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR)?

The formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR) is: EAR (1 (APR/n))n - 1 Where: EAR is the effective annual rate APR is the annual percentage rate n is the number of compounding periods per year

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.

How to find the ear from the APR?

To find the ear from the APR, you can use the formula: EAR (1 APR/n)n - 1. This formula calculates the effective annual rate (EAR) by taking into account the compounding frequency (n) of the annual percentage rate (APR).

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