Annual Percentage Rate For A Loan With Fees - HP 10BII User Manual

Financial calculator
Hide thumbs Also See for 10BII:
Table of Contents

Advertisement

(QWHU DFWXDO FXUUHQW YDOXHV IRU 1 DQG 39 WKHQ ILQG WKH QHZ
Step 3.
,<5 IRU WKH GLVFRXQWHG PRUWJDJH ZLWK EDOORRQ
Keys:
(€" €
%'@Æ
F

Annual Percentage Rate for a Loan With Fees

7KH DQQXDO SHUFHQWDJH UDWH $35 LQFRUSRUDWHV IHHV XVXDOO\ FKDUJHG ZKHQ
D PRUWJDJH LV LVVXHG ZKLFK HIIHFWLYHO\ UDLVHV WKH LQWHUHVW UDWH 7KH DFWXDO
DPRXQW UHFHLYHG E\ WKH ERUURZHU WKH 39 LV UHGXFHG ZKLOH WKH SHULRGLF
SD\PHQWV UHPDLQ WKH VDPH 7KH $35 FDQ EH FDOFXODWHG JLYHQ WKH WHUP RI
WKH PRUWJDJH 1 SHULRGV  WKH DQQXDO LQWHUHVW UDWH ,35  WKH PRUWJDJH
DPRXQW QHZ 39  DQG WKH DPRXQW RI WKH IHH
5HPHPEHU WKH FDVK IORZ VLJQ FRQYHQWLRQ PRQH\ SDLG RXW LV QHJDWLYH
PRQH\ UHFHLYHG LV SRVLWLYH
Example: APR for a Loan With Fees.
SRLQWV IRU WKH LVVXDQFH RI D PRUWJDJH 2QH SRLQW LV HTXDO WR 
PRUWJDJH DPRXQW ,I WKH PRUWJDJH DPRXQW LV  IRU  \HDUV DQG
WKH DQQXDO LQWHUHVW UDWH LV 
ERUURZHU SD\LQJ"
6HW WR (QG 0RGH 3UHVV
Keys:
 ˜
&#F
! …
$Æ
Display:
18.00
–79,000.00
20.72
$ ERUURZHU LV FKDUJHG WZR
ZLWK PRQWKO\ SD\PHQWV ZKDW $35 LV WKH
y
LI
DQQXQFLDWRU LV GLVSOD\HG
BEGIN
Display:
12.00
8.50
360.00
160,000.00
Description:
6WRUHV UHPDLQLQJ
QXPEHU RI SD\PHQWV
6WRUHV SULFH RI
PRUWJDJH
&DOFXODWHV WKH UHWXUQ
RQ WKLV GLVFRXQWHG
PRUWJDJH
Description:
6HWV SD\PHQWV SHU \HDU
6WRUHV LQWHUHVW UDWH
6WRUHV OHQJWK RI
PRUWJDJH
6WRUHV RULJLQDO DPRXQW
RI PRUWJDJH
8: Additional Examples 101
RI WKH

Hide quick links:

Advertisement

Table of Contents
loading

Table of Contents