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How to calculate ear and apr with add on interest?

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habstem
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Posts: 5


« on: November 25, 2011, 06:50:54 pm »

hello

 how to calculate ear and apr with add on interest? plz write formulas, and explain step by step.

giving an example with formulas can be helpful

 thanks a lot
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« on: November 25, 2011, 06:50:54 pm »

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mismas
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« Reply #1 on: December 01, 2011, 08:50:48 am »

The APR is not calculated, it is given. The APR is an input into interest rate and other calculations.
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