APR Table Calculator

Principal before prepaid charges; for a merchant cash advance, the amount advanced.
Points, origination and other charges deducted from the proceeds or paid at closing.
Used to derive the payment when you do not enter one.
Overrides the payment derived from the note rate.
12 monthly, 26 fortnightly, 52 weekly, 252 for daily business-day remittances.
Finance charge per $100 financed
115.8382
APR Calculator
Annual percentage rate
6.0000 %
Amount financed
100,000.00
Finance charge
115,838.19
Total of payments
215,838.19
Payment per period
599.55
Unit-period rate
0.500000 %
Daily periodic rate
0.01643836 %
Effective annual rate (compounded)
6.1678 %
Worked out from 12 CFR 1026.22 (Regulation Z) - Determination of the annual percentage rate and 3 other sources.
A Regulation Z-style computation on the figures you enter. The APR your lender must disclose depends on which charges are finance charges under 12 CFR 1026.4 and on the exact payment schedule; only the lender disclosure is authoritative.

How this is worked out

6 steps
  1. Payment on 100000 at 6% over 360 periods = 599.55
  2. Amount financed = 100000 - 0 = 100000 (12 CFR 1026.18(b))
  3. Finance charge = 360 x 599.55 - 100000 = 115838.19
  4. Unit-period rate solving 100000 = payment x annuity factor is 0.5% per period
  5. APR = 0.5% x 12 periods = 6%
  6. Finance charge per $100 financed = 100 x 115838.19 / 100000 = 115.8382
Payment scheduletable
periodpayment
1599.55
2599.55
3599.55
4599.55
5599.55
6599.55
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11599.55
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118599.55
119599.55
120599.55

First 120 of 360 rows.

Results are general information, not financial, tax, legal, medical or engineering advice.