Question
2,100 LOAN AT 13% ADD ON INTEREST FOR 3 YEARS. HOW DO I CALCULATE THE APR?
Answers
PsyDAG
First, please do not use all capitals. Online it is like SHOUTING. Not only is it rude, but it is harder to understand. Thank you.
http://en.wikipedia.org/wiki/Annual_percentage_rate
http://en.wikipedia.org/wiki/Annual_percentage_rate