File:Effective annual percentage rate.svg

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Summary[edit]

Description
English: Loan payment schedule of a 1-year, fixed-size payment loan with 5% monthly interest. Shows the accumulation of the interest, the payments and how much of the total cost consists of interest. The effective annual percentage rate is calculated. ?In the body, doesn't it say that the APR is 80%, which means that the effective interest amount would be more than 39 dollars, it would be about 80 dollars?
Date
Source Own work
Author Petteri Aimonen
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current21:22, 12 October 2009Thumbnail for version as of 21:22, 12 October 2009342 × 264 (23 KB)Petteri Aimonen (talk | contribs){{Information |Description={{en|1=Loan payment schedule of a 1-year, fixed-size payment loan with 5% monthly interest. Shows the accumulation of the interest, the payments and how much of the total cost consists of interest. The effective annual percentag
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