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Interest Rate Calculator
Online calculator to calculate interest rate of a product using david cantrell's approximate solution method.
Calculate the monthly payment to be paid with the given number of payments, interest rate, and loan amount.
Code to add this calci to your website  
Just copy and paste the below code to your webpage where you want to display this calculator.
Formula Used:
i ≈ [ ( 1 + ( P/A ) ) 1/q - 1 ] q - 1
Where,
q = log[ 1 + (1/N) ] / log2
N = n * 12
P = Payment Amount
A = Initial Amount
N = Number of Payments |
Calculate the interest rate by using David Cantrell's Approximate solution method.
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