Calculate Money Factor To Interest Rate
Calculate Money Factor To Interest Rate . Divide this by the number of days or months to get your daily or monthly repayment amount. For example, if you are quoted a money factor of.003 on a loan, that would be (2,400x.003) 7.two%. Future Value Factors ACCOUNTING BASICS from tabetanyi.wordpress.com Lessors use the money factor to simplify some lease cost calculations, so it's important to know. One way to calculate the coin factor is past converting it to an apr. N = number of times interest is compounded per year.