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OpenStudy (anonymous):
What is the formula for Annual Percentage Rate?
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OpenStudy (anonymous):
Though the APR can be calculated in several ways depending on the terms of the loan, the formula which includes the basic components is: APR = [2 x Number of Payments per Year x Total Finance Charges] / [Original Loan Proceeds x Total Number of Payments + 1] ................. you are welcome.
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