This APR calculator is for those that want to calculate the APR on a loan. This calculator will calculate the APR in year 1 through the end of the loan.
To use this calculator, go to:
https://iqcalculators.com/calculator/apr-calculator/
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Apr Calculator
1. APR Calculator
APR Calculator: The APR stands for annual percentage rate and is a calculated
interest rate that is charged on a loan by a lender taking into account all interest and
fees during the life of the loan.
2. APR Calculator: Entering Data in the Fields
Loan Amount: The original amount of the loan.
Loan Length: The full term length of the loan
Interest Rate: The flat interest rate being charged on the loan or mortgage.
Periodic Payment: The loan payment based on the payment schedule chosen below.
3. APR Calculator: Entering Data in the Fields
Compounding: The frequency with which the loan is compounded.
Payment Schedule: The frequency with which payments on the loan are made.
Upfront Loan Fees: The fees charged to originate the loan upfront.
Fees Included in Loan: Fees that are included in the loan itself above the loan amount.
4. APR Calculator: The Answer
APR (Annual Percentage Rate): The APR calculated based on the information
entered into the data entry fields.
Total Loan Payments: The total number of loan payments necessary to pay back
the loan.
Total Payments + Fees: The total number of loan payments including all fees.
5. APR Calculator: The Chart
This line chart shows the APR over time based on the information entered into the
calculator.
6. APR Calculator: The Chart
This line chart displays the loan balance during the life of the loan.
7. APR Calculator: The Chart
This line chart displays the principal and the interest over the life of the loan.
8. APR Calculator: The Data Table
Data Table: Here the data table displays the same information that is the charts
but only in a table format so that you can easily and quickly see the numbers,
including the APR.
10. Put This Calculator On Your Site
Visit the “Embed” page to put this calculator widget on your site:
APR Calculator Widget
Benefits:
1) Increased User Interaction
2) More Social Shares
3) Longer Page Dwell Time