Effective Interest Rate

This application is a simple and easy-to-use effective interest rate calculator

Effective Interest Rate

This application is a simple and easy-to-use effective interest rate calculator.For loan packages that present a flat, one-time interest rate to be applied at the start, with monthly repayments, the interest rate across the months, taking into account the amortisation of the loan principal, is known as the effective interest rate. This application calculates this effective interest rate, given the flat interest rate, loan principal and the duration of the loan.

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