APR Calculator
Calculate the annual percentage rate using our APR calculator.
Results:
Annual Percentage Rate (APR)
%
| Monthly Payment: | $ |
| Amount Financed: | $ |
| Total Payments: | $ |
| Total Finance Charges: | $ |
| Total Interest: | $ |
| Total Fees: | $ |
On this page:
APR Formula
APR = \left ( \frac{ \frac{ \text{fees}\ +\ \text{interest} }{ \text {principal} } }{ n } \right ) \times 365
Where:
fees = total fees paid on the loan
interest = total interest paid
principal = initial loan amount
n = loan term in days
Loan Payment Formula
PMT = P \left ( \frac{ \frac{r}{n} }{ 1 − \left ( 1\ +\ \frac{r}{n} \right ) ^{−nY} } \right )
Where:
PMT = monthly payment
P = loan principal
r = annual interest rate
n = number of compounding periods per year
Y = loan term in years