How To Calculate Interest Rate on Loan?
There are lots of terms applicable on loan and there are also limited options available for people with bad credit score. If you are thinking about how much amount you need to pay on loan then effective interest rate calculator will help you to check the total amount you need to pay on loan whether it is car or other.
The effective interest rate can be calculated as R = (1+ (i/n) n-1
The effective interest rate can be calculated as R = (1+ (i/n) n-1
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