% per annum fixed interest

dpotta

New Member
Joined
Aug 16, 2011
Messages
29
Loan amount
£400.00
Term in months
9
Total payable
£446.02
APR
26.8242%
Amount of repayments (9 monthly payments)
£49.56
Annual fixed rate of interest

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Hello

I have attached an excel sheet with the information I have about a loan. Excuse my ignorance, but what calculation formula will return the annual interest rate? It is fixed rate.
Many thanks
Dave


 

Excel Facts

Workdays for a market open Mon, Wed, Friday?
Yes! Use "0101011" for the weekend argument in NETWORKDAYS.INTL or WORKDAY.INTL. The 7 digits start on Monday. 1 means it is a weekend.

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