APR Workout

westie666

Looking to get a CC with life of balance transfer.

Can anyone help me find out what the apr is on this loan I have

Total inc intrest = 14255.58
Total without int = 10500.00

Trying to see if I would be better off.

W666

grumbler

Isn't it obvious for you that the data you posted are not sufficient to answer to your question?
If the loan is for 1 year, 14255.58/10500.00=1.358 and APR is 35.8%
If it is for 10 years, then APR is 3.1%

EDIT 1: my figures are incorrect. I'll post correct ones a little bit later ...

EDIT 2: correct figures are about 61% and 6.4%

westie666

sorry its 5 years (or 59 months - A&L got it wrong on the first month and sent docs to confirm 59 months)

W666

grumbler

It is about 13%. See http://www.whatsthecost.com/loan.aspx