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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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