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To calculate the monthly payment with APR, you can use the formula for loan payments:
Monthly Payment P r(1r)n / (1r)n - 1
Where: P Principal loan amount r Monthly interest rate (APR divided by 12) n Number of monthly payments
Plug in these values into the formula to find the monthly payment amount.
What else can I help you with?
How to calculate the annual percentage rate (APR) from a given monthly payment amount?
To calculate the annual percentage rate (APR) from a given monthly payment amount, you would need to know the loan amount, the term of the loan, and any additional fees or charges. Using these values, you can use a formula to solve for the APR.
What is a monthly payment If the loan is 22500 the fixed APR of 12 for 30 years?
To calculate the monthly payment for a loan of $22,500 at a fixed APR of 12% over 30 years, you can use the formula for a fixed-rate mortgage: [ M = P \frac{r(1 + r)^n}{(1 + r)^n - 1} ] where ( M ) is the monthly payment, ( P ) is the loan amount, ( r ) is the monthly interest rate (annual rate divided by 12), and ( n ) is the total number of payments (loan term in months). With an APR of 12%, the monthly interest rate ( r ) is 0.01 (12%/12), and ( n ) is 360 (30 years x 12 months). Plugging these values into the formula results in a monthly payment of approximately $233.83.
What is the relationship of an APR for an add-on rate for a one-payment loan compared to an add-on for a monthly installment loan?
What is the apr for 17% add on for two years
Is the APR charged on a monthly basis?
No, the APR is an annual rate, not a monthly rate.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
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 to calculate the annual percentage rate (APR) from a given monthly payment amount?
To calculate the annual percentage rate (APR) from a given monthly payment amount, you would need to know the loan amount, the term of the loan, and any additional fees or charges. Using these values, you can use a formula to solve for the APR.
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
What is a monthly payment If the loan is 22500 the fixed APR of 12 for 30 years?
To calculate the monthly payment for a loan of $22,500 at a fixed APR of 12% over 30 years, you can use the formula for a fixed-rate mortgage: [ M = P \frac{r(1 + r)^n}{(1 + r)^n - 1} ] where ( M ) is the monthly payment, ( P ) is the loan amount, ( r ) is the monthly interest rate (annual rate divided by 12), and ( n ) is the total number of payments (loan term in months). With an APR of 12%, the monthly interest rate ( r ) is 0.01 (12%/12), and ( n ) is 360 (30 years x 12 months). Plugging these values into the formula results in a monthly payment of approximately $233.83.
What is the relationship of an APR for an add-on rate for a one-payment loan compared to an add-on for a monthly installment loan?
What is the apr for 17% add on for two years
Is the APR charged on a monthly basis?
No, the APR is an annual rate, not a monthly rate.
If you pay the minimum monthly payment will you owe interest?
Yup, you will owe a lot of interest, because a monthly minimum payment just keeps the card current and upto date. Whatever is your APR divide that by 12 is your monthly interest on the balance at that time.
What is the monthly interest payment on 10 thousand dollars borrowed against a credit card with 19.9 percent APR?
Your monthly payment, assuming you have quoted the interest rate correctly, should be $165.83 if you pay this off in one year (12 monthly payments)
How much is the typical monthly maintenance payments for a Toyota Prius?
In California with $10,000 down payment and 2.9 APR. Payment is $272 Per month (Including Tax)
What is the monthly payment on a 14847.00 loan with a 5.48 percent APR?
$344.25 over 48 months. $282.55 over 60 months.
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%
If you have saved 4000 for a down payment on a new car. The largest monthly payment you can afford is 3501. The loan will have a 12 APR based on end of month payments. What is the most expensive care?
To determine the most expensive car you can afford with a $4,000 down payment and a maximum monthly payment of $3,501 at a 12% APR, you can use the formula for the present value of an annuity. However, given the high monthly payment relative to the down payment, the most expensive car would be calculated by first finding the loan amount you can afford based on the monthly payment and interest rate. With these parameters, you could afford a car priced around $100,000, assuming a loan term of 60 months.
