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What is the annual percentage rate table for monthly payment plans used for?

Posted on: 08th Aug, 2009 07:48 am
What is the annual percentage rate table for monthly payment plans used for?
An annual percentage rate table for monthly payment plans helps you to know how your monthly payment would change during the years of the loan. The annual percentage rate (APR) on a payment plan may or may not match with the effective annual rate.
Posted on: 10th Aug, 2009 02:34 am
In what way do the numbers on an annual percentage rate table increase?
Posted on: 06th Feb, 2012 02:03 pm
Hi Tori!

Welcome to forums!

As far as I know, you can calculate the annual percentage rate increase using the following the given formula: (current year-previous year)/previous year .

Feel free to ask if you've further queries.

Sussane
Posted on: 06th Feb, 2012 11:02 pm
I don't quite comprehend what is being sought here by the original poster, nor the subsequent poster.

Worse, I can't make any great deal of sense out of the answers provided. This'n seems like a rather wasteful thread (to me).
Posted on: 08th Feb, 2012 12:08 pm
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