APR=((1+B1)^(1/B2))-1

APR=((1+.024)^(1/12))-1) or

APR=1.024^.08333-1 ]]>

I was also searching for what is and is not included when making the APR calculation- what fee’s etc.

For those curious:

Doug @ #24 – are these functions in an addon because they are not among my excel 2003 SP2 functions?

]]>The Excel Functions EFFECT and NOMINAL are available to calculate these along with other functions to calculate loan payments (PMT), payments on Principal (PPMT), Future value (FV),

]]>Zaya Khananu ]]>

Do you know what the formula is to calculate APR on an interest-only loan? ]]>

Great Blog, Question for you : If I borrow $16,500.00 for 4 months and pay back 17,470.00 what is the rate of interest I paid.

TIA David

]]>The bank is offering a 6 month CD special with a rate of 5.67% with an APY of 5.75% simple interest that pays at the end of the term. When I put a rate of 5.67% on a 12 month term the APY is the same as the rate.

Why? Wouldn’t the 12 month CD offer the same APY as the 6 month term?

]]>!!!!

again thanx!

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