APR Calculation - are you aware of the fees charged on the account?

Date: Mon, 07/23/2007 - 12:00

Submitted by anonymous
on Mon, 07/23/2007 - 12:00

Posts: 202330 Credits: [Donate]

Total Replies: 1

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

apr is the total cost of the loan charged by the lender. Are you

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

lrhall41

Submitted by fatb88 on Mon, 07/23/2007 - 12:35

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