How to Calculate APR on Installment Loans | Sapling
sapling.com
How to Calculate APR on Installment Loans | Sapling
If you have taken out a loan and are paying it back in installments, you can calculate the annual percentage rate, or APR, based on the interest you are paying each month. In most cases, with an installment loan you pay the same amount each month over the course of the loan.
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