Converting from EAR to APR

Ash6813 · #1 Jun 2, 2007, 12:52 PM

I have an EAR of 16.08% but I need to convert is to a quarterly APR -- I'm not sure what formula will get me there...

Any help would be greatly appreciated.

Thanks,
Ashley

rafian · Jun 2, 2007, 01:23 PM

APR = [(EAR+1)^(1/m) - 1] x m

= [(.1608+1)^(1/4) - 1] x 4

= 15.19 %



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