Finance
APR Calculator
True annual percentage rate including fees.
Result
7.058 %
Annual Percentage Rate (APR)
Monthly payment
$386.66
Net disbursed
$19,500.00
Compute the Annual Percentage Rate (APR) of a loan including upfront fees, so you can compare loan offers fairly.
How it works
Solves for the monthly rate x such that Net = M · (1 − (1+x)^−n)/x, then APR = x · 12. M is the payment from the nominal rate; Net = principal − fees.
Example
$20,000 loan at 6% over 5 years with $500 fees → APR ≈ 6.61%.
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