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#1




APR  Annual Percentage Rate to Actual Interest Rate
Please if anybody can help me how to calculate back the APR rate to Actual
Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#2




what is the EMI you are paying...?
 Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#3




What is EMI stand for?
"Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#4




Sorry, its the Equal Monthly Installment.
or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#5




OK, EMI is 168.75
"Mangesh Yadav" wrote: Sorry, its the Equal Monthly Installment. or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#6




On Thu, 12 May 2005 08:14:01 0700, "Safu"
wrote: Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? I don't understand how you develop an actual interest rate of 7.75%, given your values (and your monthly payment from another thread). How are you defining "ACTUAL interest rate"? ron 
#7




Hi Safu,
The figure 168.75 is a result of the formula =PMT(13.12%/12, 96, 10000) Infact I had asked you for the EMI as I wanted to know from where you are getting at the rate of 7.75% As Ron pointed out, can you tell us from where you got the 7.75% figure.  Mangesh "Safu" wrote in message ... OK, EMI is 168.75 "Mangesh Yadav" wrote: Sorry, its the Equal Monthly Installment. or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#8




Hi Mangesh Yadav,
Loan = 10,000.00 Term = 96 months Interest = 7.75% Loan / Term = 104.17 Loan x Interest / 12 = 64.58 Total Repyt = 168.75 APR come from a formula of =RATE(Term,Total Repyt,Loan)*12 =RATE(96,168.75,10000)*12 =13.1210% So from the above formula which given the answer of the APR, then how do I can get back the actual rate of 7.75% by using the APR which is 13.1210%? This is what I'm trying to figure out. Thanks Mangesh, I believe you can make it. "Mangesh Yadav" wrote: Hi Safu, The figure 168.75 is a result of the formula =PMT(13.12%/12, 96, 10000) Infact I had asked you for the EMI as I wanted to know from where you are getting at the rate of 7.75% As Ron pointed out, can you tell us from where you got the 7.75% figure.  Mangesh "Safu" wrote in message ... OK, EMI is 168.75 "Mangesh Yadav" wrote: Sorry, its the Equal Monthly Installment. or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#9




The loan is not a typical loan where the interest calculated is based on the
original loan and not the written down book value For instance in the first month after paying off 168.75 the balance of loan =10000  104.17 (loan repaid) = 9,895.83 The interest for 2nd month = 9,895.83 * 7.75% * 1/12 = $63.91 whereas the interest paid is still $64.58 When you are using the rate function to come to 13.121% excel is expecting that your equal monthly payment is composed of principal plus the lower interest and it keeps going down with each instalement paid till month 96 when your payment of 168.75 comprising of Principal of $166.92 and interest of $1.83 I do not see any function to get to your rate of 7.75% although the true rate that you paid is 13.121% and the APR is =13.94% using the function =effect(13.121%,12) "Safu" wrote in message ... Hi Mangesh Yadav, Loan = 10,000.00 Term = 96 months Interest = 7.75% Loan / Term = 104.17 Loan x Interest / 12 = 64.58 Total Repyt = 168.75 APR come from a formula of =RATE(Term,Total Repyt,Loan)*12 =RATE(96,168.75,10000)*12 =13.1210% So from the above formula which given the answer of the APR, then how do I can get back the actual rate of 7.75% by using the APR which is 13.1210%? This is what I'm trying to figure out. Thanks Mangesh, I believe you can make it. "Mangesh Yadav" wrote: Hi Safu, The figure 168.75 is a result of the formula =PMT(13.12%/12, 96, 10000) Infact I had asked you for the EMI as I wanted to know from where you are getting at the rate of 7.75% As Ron pointed out, can you tell us from where you got the 7.75% figure.  Mangesh "Safu" wrote in message ... OK, EMI is 168.75 "Mangesh Yadav" wrote: Sorry, its the Equal Monthly Installment. or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
#10




Hi Safu,
As N Harkawat has explained in his reply, you calculation of total repayment is wrong in the first place. And this leads you to the value of 13.121% (which ofcourse is wrong). The total repayment is not 168.75 but it is 140.10 which you can get by using the formula: = PMT(Interest/12,Term,Loan) = PMT((7.75%)/12, 96, 10000) = 140.10 And now if you use the Rate function you will definitely get back your original rate: = RATE(Term,Total Repyt,Loan)*12 = RATE(96,140.10,10000)*12 = 7.75% As N Harkawat has explained, your interest eeps on reducing as the term starts reducing and the principle amount repaid increases. Your total repayment remains same at 140.10. Regards Mangesh "Safu" wrote in message ... Hi Mangesh Yadav, Loan = 10,000.00 Term = 96 months Interest = 7.75% Loan / Term = 104.17 Loan x Interest / 12 = 64.58 Total Repyt = 168.75 APR come from a formula of =RATE(Term,Total Repyt,Loan)*12 =RATE(96,168.75,10000)*12 =13.1210% So from the above formula which given the answer of the APR, then how do I can get back the actual rate of 7.75% by using the APR which is 13.1210%? This is what I'm trying to figure out. Thanks Mangesh, I believe you can make it. "Mangesh Yadav" wrote: Hi Safu, The figure 168.75 is a result of the formula =PMT(13.12%/12, 96, 10000) Infact I had asked you for the EMI as I wanted to know from where you are getting at the rate of 7.75% As Ron pointed out, can you tell us from where you got the 7.75% figure.  Mangesh "Safu" wrote in message ... OK, EMI is 168.75 "Mangesh Yadav" wrote: Sorry, its the Equal Monthly Installment. or the equaly monthly repayment towards the loan Mangesh "Safu" wrote in message ... What is EMI stand for? "Mangesh Yadav" wrote: what is the EMI you are paying...?  Mangesh "Safu" wrote in message ... Please if anybody can help me how to calculate back the APR rate to Actual Interest Rate. Loan = 10K @ 96 mth = 13.1210% So 13.1210% = 7.75% (Actual Interest Rate) Any formula that can help me? 
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