Calculators

Interest Rate Calculator

Solve for the unknown interest rate from present value, payment, term, and future value — finds nominal and effective annual rates

Sign convention: cash received is positive, cash paid out is negative. For a loan, enter PV positive (cash you receive) and the payment negative.

Annual interest rate

7.420%
Per period: 0.61834% · Effective annual: 7.678% · 60 periods

Total paid: $24,000.00 · Total interest: $4,000.00

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