278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
M N O P Q R S T U V W X Y
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
M N O P Q R S T U V W X Y
Loan amoun
Payments
Interest rate
Interest charge
Loan face va
Monthly pm
Periodic rat
APR
Effective rat
1
2
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
ZAA AB AC AD AE AF AG AH AI AJ AK AL
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
ZAA AB AC AD AE AF AG AH AI AJ AK AL
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
ZAA AB AC AD AE AF AG AH AI AJ AK AL
208
209
210
211
212
213
214
215
220
221
222
223
224
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
ZAA AB AC AD AE AF AG AH AI AJ AK AL
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
ZAA AB AC AD AE AF AG AH AI AJ AK AL
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
ZAA AB AC AD AE AF AG AH AI AJ AK AL
$10,000
Loan amoun
$10,000
12 Payments 12
12%
Interest rate
12%
$1,200 The interest charge is simply the interest rate times the loan amount.
Interest charge
$1,200 The interest charge is simply the interest rate ti
$11,200 The sum of the loan amount and the interest charge.
Loan face va
$11,200 The sum of the loan amount and the interest ch
$933.33 The loan face value amount divided by the numnber of payments.
Monthly pm
$933.33 The loan face value amount divided by the num
1.79%
Periodic rat
1.79%
The periodic rate as solved with the function w
21.46% (periodic rate) x (number of payments) APR 21.46% (periodic rate) x (number of payments)
23.70% (1 + periodic rate) ^ number of payments – 1
Effective rat
23.70% (1 + periodic rate) ^ number of payments – 1
1
2
3
4
5
6
7
8
9
10
11
12
18
19
20
21
22
23
25
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
AM AN AO AP AQ AR AS AT AU AV AW AX AY
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
AM AN AO AP AQ AR AS AT AU AV AW AX AY