Interest Rate
If you want to find out what your interest rate will be on a loan, you can use an online calculator. Just input the loan amount, payment amount, and the number of years you want to borrow.
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73
Number of calculations
Formula
i ≈ [ ( 1 + ( P/A ) ) 1/q– 1 ] q – 1
- q = log[ 1 + (1/N) ] / log2;
- N = n * 12;
- P = Payment Amount;
- A = Initial Amount;
- N = Number of Payments