0
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.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
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; ?>
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%
How would you determine if 8 percent APR is better or worse than 5.24 percent APR?
"APR" means "Annual Percentage Rate". When money is borrowed and not paid backimmediately, that's the piece that gets added on to it each year, as the price for theconvenience of not paying it back yet.If you're the borrower and you have someone else'smoney, then you want thelowest possible APR. That's on a credit card, a car loan, a home mortgage, etc.If you're the lender and somebody else has yourmoney, then you want the highestpossible APR. That's on a bank savings account, an investment, a CD, etc.
Calculate the amount of interest on 2 000.00 for 4 years compounding daily at 2.25 percent APR From the Monthly Interest Table use 1.094171 in interest for each 1.00 invested?
The question cannot be answered. 1.094171 monthly is not equivalent to 2.25 APR. So the question contains inconsistent information.
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%
How do you calculate apr on an adjustable rate mortgage?
APR on an ARM loan is kind of a strange question... if you wanted to calculate your APR, you could add all the variable interest rates you were charged over the course of a year, then divide that number by 12. Technically, that would be your APR.
What is the APR rate in the US?
The APR someone will pay will depend on a variety of both personal and geographical factors. The average APR on home loans is around 3%, however the APR will also depend on the type of loan you are getting.
How do you calculate APR?
You calculate APR based on your credit score, loan size and term of loan. Typically the shorter the loan life the lower APR you will get . Annual Percentage Rate APR (Annual Percentage Rate) is a standardized term used to compare loans, mortgage loans and credit card rates. It is a compilation of the compound interest, finance charges and lender fees calculated annually. For more detailed information and to use an APR calculator visit the link in related links.
What can someone get a credit card with 0 APR?
Someone is able to get a credit card with 0% APR if they are switching their main account from one bank to another. These sorts of accounts are often offered to encourage new customers.
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; ?>
How can you calculate your car loan by myself?
(car loan * APR + car loan) / 12/ amount of years. i think
Where can someone in the Toronto area find a place that offers personal loans with low APR?
Someone in the Toronto area can find a place that offers personal loans with low APR at TD Canada Trust and Prudent Financials. Personal loans can be customized.
What is disclosed in APR?
APR is annual percentage rate. That rate would be stated in the APR.
Where can someone find information about an auto loan with 0 intro Apr?
One can find information about an auto loan with zero introduction APR on the 'Cars Direct' website. They have information as well as lists of advantages and disadvantages.
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%.
Where can I find an easy to use APR calculator online for someone who is not computer literate?
If you are looking to use an APR calculator, there are many banking websites and third party websites that offer them. Websites such as bankrate and Bank of Canada have them available.
What is the abbreviation for April?
Apr. is the abbreviation for April.apr
