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Annual Percentage Rate Solution

STEP 0: Pre-Calculation Summary
Formula Used
annual_percentage_rate = Monthly Periodic Rate*12
APR = MPR*12
This formula uses 1 Variables
Variables Used
Monthly Periodic Rate- The monthly periodic rate is the charge that is applied or recorded at monthly intervals.
STEP 1: Convert Input(s) to Base Unit
Monthly Periodic Rate: 1 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
APR = MPR*12 --> 1*12
Evaluating ... ...
APR = 12
STEP 3: Convert Result to Output's Unit
12 --> No Conversion Required
FINAL ANSWER
12 <-- Annual Percentage Rate (APR)
(Calculation completed in 00.016 seconds)

1 Other formulas that calculate the same Output

Percentage of Annual Average Consumption by Goodrich Formula
annual_percentage_rate = (180*(time in days)^(-0.10)) Go

Annual Percentage Rate Formula

annual_percentage_rate = Monthly Periodic Rate*12
APR = MPR*12

How to Calculate Annual Percentage Rate?

Annual Percentage Rate calculator uses annual_percentage_rate = Monthly Periodic Rate*12 to calculate the Annual Percentage Rate (APR), The annual percentage rate is the annual rate charged for borrowing or earned through an investment. Annual Percentage Rate (APR) and is denoted by APR symbol.

How to calculate Annual Percentage Rate using this online calculator? To use this online calculator for Annual Percentage Rate, enter Monthly Periodic Rate (MPR) and hit the calculate button. Here is how the Annual Percentage Rate calculation can be explained with given input values -> 12 = 1*12.

FAQ

What is Annual Percentage Rate?
The annual percentage rate is the annual rate charged for borrowing or earned through an investment and is represented as APR = MPR*12 or annual_percentage_rate = Monthly Periodic Rate*12. The monthly periodic rate is the charge that is applied or recorded at monthly intervals.
How to calculate Annual Percentage Rate?
The annual percentage rate is the annual rate charged for borrowing or earned through an investment is calculated using annual_percentage_rate = Monthly Periodic Rate*12. To calculate Annual Percentage Rate, you need Monthly Periodic Rate (MPR). With our tool, you need to enter the respective value for Monthly Periodic Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
How many ways are there to calculate Annual Percentage Rate (APR)?
In this formula, Annual Percentage Rate (APR) uses Monthly Periodic Rate. We can use 1 other way(s) to calculate the same, which is/are as follows -
  • annual_percentage_rate = (180*(time in days)^(-0.10))
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