Conversion Table for Effective Annual Rate and Add-On Rate
Create a conversion table for the effective annual rate and the add-on rate using the add-on method.
Conversion formula between the effective annual rate R and the add-on rate A for monthly repayments (n is the number of repayment months)
The effective annual rate corresponds to the annual interest rate under the equal principal and interest repayment method.
Rounding rules may vary by financial institution.
*This site assumes no responsibility whatsoever for calculation results or other information. Additionally, we do not provide individual consultations.
| \(\normalsize \hspace{30px}A=\large{\frac{n\times\frac{R}{12}}{1-(1+\frac{R}{12})^{-n}}}-1\) |
The effective annual rate corresponds to the annual interest rate under the equal principal and interest repayment method.
Rounding rules may vary by financial institution.
*This site assumes no responsibility whatsoever for calculation results or other information. Additionally, we do not provide individual consultations.
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