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Posted: Mon Jul 23, 2007 12:00 pm Subject: APR calculation

hi,
i would like to learn how to calculate the apr
if i have $ 5000 over 60 months @11% what is the installment amount and what is the interest amount
thanks and regards

Posted: Mon Jul 23, 2007 12:35 pm Subject:

apr is the total cost of the loan charged by the lender. Are you aware of the fees charged on the account? See this link for understanding the calculation

http://www.debtconsolidationcare.com/forums/about77.html

Go through this page for a brief summary

http://www.debtconsolidationcare.com/apr.html

And here is one APR calculator for doing the math

http://www.debtconsolidationcare.com/calculator/apr.html

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APR calculation

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