Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
David Chen is a Certified Financial Analyst with over 10 years of experience in finance.
Enter the necessary values to calculate the APR using the FFIEC Manual 314allstar formula.
APR Calculator FFIEC Manual 314allstar
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APR Formula
APR = (F - P) / V * 100 / Q
Formula Source: Investopedia
- F: Future Value of the loan.
- P: Present Value of the loan.
- V: Loan Amount.
- Q: Interest Rate.
Related Calculators
What is APR?
APR (Annual Percentage Rate) is the total cost of borrowing expressed as a yearly interest rate, including fees and other costs.
How to Calculate APR (Example)
- Step 1: Enter the loan amount, interest rate, future value, and present value.
- Step 2: Click “Calculate” to see your APR.
- Step 3: Review the calculation steps and final result.
Frequently Asked Questions (FAQ)
What is the difference between APR and interest rate? APR includes the interest rate along with any fees or additional costs associated with the loan.
How is APR calculated? APR is calculated by dividing the total loan cost (future value minus present value) by the loan amount and adjusting it for the interest rate and time.
Can APR change over time? Yes, APR can change if the terms of the loan are adjusted or if additional fees are added.