Hi!

Can someone please help me with this question regarding calculating the APR
that you see in the Federal Truth-In-Lending Disclosures when you sign a
contract for a car loan?

If I have these values, what is the fast way to get to the APR
1) Add on Rate (12%)
2) Term (36 months)
3) Loan start date and loan end date (Feb 1 2005 to Aug 5 2007)
4) Amount financed ($5790)
5) Finance charge ($746)

If I'm missing any information you need to help me with this please tell me.

I'm assuming it's the RATE function but I can't get it to work correctly.
Please help because my job depends on it :-)

A thousand thanks in advance!