David Chen is a Certified Financial Analyst with over 10 years of experience in financial analysis and planning.
Use the APR calculator to find the missing value from your loan calculations. Enter three values and calculate the fourth variable in your loan formula.
APR Calculator: FFIEC Manual OFAC License to Export
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APR Calculator Formula
F = Q × (P – V)
Formula Source: Investopedia
- F: Future Value
- P: Present Value
- V: Variable Interest
- Q: Quantity
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What is APR?
APR stands for Annual Percentage Rate, which represents the total cost of borrowing expressed as a yearly interest rate. It includes the interest rate as well as other fees associated with a loan.
How to Calculate APR (Example)
- Step 1: Enter the Present Value (P), Future Value (F), Variable Interest (V), and Quantity (Q).
- Step 2: Click “Calculate” to get the missing value.
- Step 3: Review the detailed calculation steps and results below.
Frequently Asked Questions (FAQ)
What is the difference between APR and Interest Rate? APR includes the interest rate and additional fees, while interest rate only refers to the percentage charged on the loan principal.
How is APR calculated? APR is calculated by considering the loan amount, interest rate, and additional fees to determine the total cost of the loan.
What happens if the APR is higher? A higher APR indicates that the loan is more expensive and will cost more over time.