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Free online calculator to find the interest rate as well as the total interest cost of an amortized loan with a fixed monthly payback amount.
Free compound interest calculator to find the interest, final balance, and schedule using either a fixed initial investment and/or periodic contributions.
The Simple Interest Calculator calculates the interest and end balance based on the simple interest formula. Click the tabs to calculate the different parameters of the simple interest formula. In real life, most interest calculations involve compound Interest.
The Annual Percentage Rate (APR) includes the setup fee charged by your lender as part of your overall interest calculation, averaged over 12 months. It can give an indication of exactly how much your mortgage, vehicle loan or fixed rate loan is costing you.
Annual Nominal Interest Rate and the Periodic Rate - unadjusted rates for a year and for a compounding period. Effective Annual Rate (EAR) - an estimate of the yearly rate adjusted by the compounding effect.
Use our interest rate calculator to find the rate of a compounded interest loan with regular payments. Plus, learn the formula to solve it.
Calculate the effective annual rate (EAR) from the nominal annual interest rate and the number of compounding periods per year. Effective annual rate calculator can be used to compare different loans with different annual rates and/or different compounding terms.
Effective Annual Interest Rate (i) = (1 + r/n) n − 1. Where, i is the effective annual interest rate (expressed as a decimal), r is the nominal interest rate (expressed as a decimal), n is the number of compounding periods per year. EAR Calculator. Annual Interest Rate: % Periods in the Year: EAR Calculator Results. Effective Annual Rate: 0.000%
Use the formula A=P(1+r/n)^nt. For example, say you deposit $5,000 in a savings account that earns a 5% annual interest rate and compounds monthly.
To compare bank offers that have different compounding periods, we need to calculate the Annual Percentage Yield, also called Effective Annual Rate (EAR). This value tells us how much profit we will earn within a year.