All Questions
Tagged with apr calculation
15
questions
2
votes
1
answer
100
views
What's the APR for this in combination with the Balloon Payment of 6525 USD?
I am trying to solve the following:
Finance Amount: 24.951,82 USD
Interest Rate: 2.29%
Residual Value: 6.525 USD
Number of Months: 60
Fee: 374.28
Years: 5
What's the APR for this in combination with ...
- 21
0
votes
1
answer
173
views
Refinance Calculator - use Interest Rate or APR?
I am using the NerdWallet Refinance Calculator to compare current loan with new loan.
https://www.nerdwallet.com/mortgages/refinance-calculator/calculate-refinance-savings
My question is should I put ...
- 117
1
vote
1
answer
2k
views
Formula for calculating the monthly payment for a Personal Contract Purchase
How can I calculate the monthly payment for a PCP (Personal Contract Purchase) when given the variables below?
'Amount to be financed' - finance amount
APR (annual percentage rate - %)
Length of ...
- 13
0
votes
1
answer
2k
views
What is the formula for calculating the months till pay off of a credit card that includes the APR?
I'm playing around in Excel attempting to get the total months to pay off a credit card. I'm not looking to pay off by a certain date. I just want to know how long it will take me to pay off what I ...
- 103
0
votes
1
answer
78
views
What is the formula to get the Interest percentage from Interest Rate?
What is the formula to get the Interest percentage from Interest Rate?
Given :
Principal Amount : $1000
Interest Rate : $1 / Month
Number of payments : 10
What is the formula to fetch the ...
- 1,117
24
votes
3
answers
5k
views
20% APR means only 10% interest? (UK)
I am trying to get better grasp of what the APR figure means, so this example is purely hypothetical.
I have entered a loan of £100,000 into an APR calculator on MoneySuperMarket with a 20% APR for ...
- 343
0
votes
1
answer
1k
views
Algorithm to calculate the Interest on Loan with a Balloon Payment
I am trying to understand the algorithm used by My Calculators.com - Balloon Payment Calculator
If I enter the following details:
Loan amount: 4556.75
Number of months: 5
Interest rate: 5.75%
...
- 111
2
votes
1
answer
174
views
Converting interest rates
I have found a monthly interest rate, 0.72%
Now, I would like to convert this monthly rate to:
Equivalent annual nominal rate of interest payable half yearly, and
Equivalent annual nominal rate of ...
- 53
0
votes
2
answers
823
views
How to calculate APR for a fixed rate loan due before amortization end date?
I need help with the following question for a homework assignment related to finding the APR for an investment class. Here's the question:
Calculate the APR for a $500000 fixed rate loan amortized ...
2
votes
2
answers
295
views
Car finance, APR rates and per week in adverts; help understanding them
Looking at a car advert [for a car I was considering buying in April 2008] but in the end I didn't - this was what the advert stated:
2005 TOYOTA COROLLA 1.4 VVTi 5 door hatchback £7195
From £38 ...
- 121
1
vote
2
answers
939
views
Calculate APR from balloon loan
I need formula to calculate nominal APR from balloon loan with contract fee. The initial data and payment schedule is:
Loan sum: 10 000€
Interest rate per year: 15%
Loan period: 2 years
Payments ...
- 11
3
votes
1
answer
186
views
Effective Interest Rate from bifurcated interest rate
Here goes, this is the scope of my question: Say I want to take out a credit card, that has 0% interest for 12 months, when at the 13th month, whatever debt is taken out on the card will be subjected ...
- 31
1
vote
2
answers
520
views
Having trouble with APR calculation
I am using the formula listed on the following site to try to calculate APR:
http://www.fdic.gov/regulations/laws/rules/6500-1950.html#fdic6500appendixjtopart226
go to appendix J, if it doesn't auto ...
- 113
1
vote
1
answer
640
views
Calculate APR for under 1 year loan
I was talking with a friend about Payday loans (neither of us is getting one, just merely curious) and the APRs they state aren't really true. So, I was trying to figure out an APR based on the ...
- 123
2
votes
1
answer
293
views
How to arrive at the fee-adjusted APR (accounting for balance transfer fee, but not inflation)?
I'm trying to figure out the fee-adjusted interest rate paid when incurring a balance transfer fee on a loan, not accounting for inflation.
If the APR is 4%, the loan 5000, the transfer 2% and you ...
- 123