Re: Convert Monthly APR to Annual?
- From: "Jim" <me@xxxxxxxxxxx>
- Date: Fri, 24 Feb 2006 15:22:02 GMT
"Tim" <me@xxxxxxx> wrote in message
news:dtn6vs$l73$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"Jim" wrotefor
Could someone please let me know how to convert the monthly APRpercentage...
There's no such thing as a "monthly APR" -- the letter 'A' in APR stands
"annual".
Apologies, sorry. So my question should be, how do I compare/convert
interest charges quoted as a percentage per month to ones quoted as a
percentage per annum? Many thanks in advance to anyone who can give me a
formula, or a URL of somewhere online that can do it.
--
Jim
.
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