How do I convert apr into ear?

Ear vs apr [ 2 Answers ]

Two banks offer 30-year $150,000 mortgages at 8.5% and charge $1,000 loan application fee. Bank X refunds the fee if the application is denied, bank Y does not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating APR, but...

How do I convert EAR to APR? [ 1 Answers ]

E.G. 150000principal PV 25 year amortization n=300months EAR 6.61% APR is 6.41% r nom is .534774 I understand how to get the EAR but am unable to convert to an APR. Can anyone help? thanks

Ear vs apr [ 1 Answers ]

Two banks offer 30-year $150,000 mortgages at 8.5% and charge $1,000 loan application fee. Bank X refunds the fee if the application is denied, bank Y does not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating APR, but...

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