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Calculate APR inlcuding fees

  1. #1
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    Calculate APR inlcuding fees

    I am trying to calculate the APR on a loan which includes fee's.

    I have tried =RATE but this does not allow the flexibility of additional charges.

    For Instance a loan of £100,000 over 60 Months with a monthly payment of £1750 plus £500 upfront charges and £250 final charges.

    Thanks for your assistance

  2. #2
    Forum Expert Ace_XL's Avatar
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    06-04-2012
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    Re: Calculate APR inlcuding fees

    You do need RATE

    use

    =RATE(60,1750,-100000+500,250)*12
    Life's a spreadsheet, Excel!
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