How It Works
Solve principal=payment×[1−(1+r)^−n]/r, then APR=12r×100. Equal month-end payments, no fees.
Reference Sources
FAQs
How does this calculator work?
Solve principal=payment×[1−(1+r)^−n]/r, then APR=12r×100. Equal month-end payments, no fees.
What assumptions should I check?
Check the units and definitions shown beside each input. Results use the values you enter.