This free calculator provides a simple method for calculate APR (Compound Interest) including the possibility of compare it with Flat Rates Interest. A very simple to use application with printing option.
Indications: Just enter the Loan Amount, Interest Rate and Length of Loan; select the Interested Type and Press Calculate Button. Free, fast and accurate.
Note: Flat rates of interest are usually used in illustrations because they appear lower than the APR but are in actual fact more expensive. For example, an APR of 6.25% represents a better value than a flat rate of 4%. So this calculator will show you how much you can save on your repayments.