Interest Rate Calculator
This calculator can be used to figure out the real interest rate of a loan with fixed term and fixed monthly payment. For example, the auto dealer may only give you the monthly payment amount and the total price. This calculator can help to figure out the actual interest rate in such situation.
If you are looking for calculator to calculate the interest of an investment, please use our interest calculator. If you are looking to understand the different of different interest, please use our compound interest calculator.
|Total of 36 Monthly Payments||$21,600.00|
|Total Interest Paid||$1,600.00|