Estimate annual percentage rate from interest and upfront borrowing fees.
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This calculator applies the displayed finance formula directly to your inputs. It keeps full precision during the calculation and rounds only the displayed result.
APR formulaApproximate APR = borrowing cost ÷ principal ÷ years × 100
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Using the default example values, the calculator substitutes 10,000 and 1,600 plus 3 into the formula. Change the values to model your own scenario.
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The values entered for loan amount and total interest and fees are accurate for the scenario.
Rates and recurring amounts remain constant for the period represented by the formula.
Provider fees, taxes and timing differences are excluded unless they are explicit inputs.