I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percenta

1.12%

I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percentage rate?

((num payments * payment amount) - loan amount) / loan amount / (int(num payments / 12))

I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percentage rate?

Is the interest annual or compounded monthly

I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percentage rate?

Annual interest rate is 13.25% compounded.

I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percentage rate?

Hello Everybody,

My name is Mrs Symone Roland and i live in the CANADA , life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first daughter needed a kidney transplant and all our savings were going towards her medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my daughter will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i got my loan within 48 hours through bank transfer and you know, it was all like a dream and i called Mr Frank Petti who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest Woman on earth because by GOD'S grace, my daughter kidney transplant was successful and today she is healthy and i and my family are living very comfortable and happy and if you are in my former situation or is in serious and legitimate need of a loan, you can reach this GOD sent lender via frank_petti@yahoo.com

I am repaying a 3,500 loan with 20 equal mthly payments of $196 each. What should be annual percentage rate?

13.47%!!!