Computing Interest Rates Programs
In the old days, companies would issue their buy rate for the term and amount for sales representatives’ calculations. They then add the factor to 1.00 and multiply it times the company buy rate. For instance, .0331 and the salesman wanted five points, multiply 1.05 times .0331 and it would be .034755. Then multiply this to the amount being financed to get the monthly payment.
Today, the most popular calculator software is TValue, available online or software for your computer of smartphone:
You can also purchase the calculator to put on your website by going to: https://www.timevalue.com/tcalc-financial-calculators
Merchant Cash Advance APR Calculator