APR Calculator
Nominal rate hides compounding frequency; APR hides fees. This surfaces both.
Effective annual rate
19.562%
- Nominal quoted
- 18%
- Extra cost of compounding
- 1.562%
How the APR Calculator works
The calculation follows the standard method used across the US — no shortcuts, no hidden assumptions. Here is exactly what happens behind the scenes:
Formula
EAR = (1 + r/n)ⁿ − 1
Frequently Asked Questions
How does the APR Calculator work?
Enter your numbers above and results update instantly using standard formulas, computed entirely on your device.
Is the APR Calculator free to use?
Yes — completely free with no signup required, and it works on phones, tablets, and desktops.
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