Calculating a 5.00% APR on a Balance of $1,000.00

If you have a 5.00% APR (Annual Percentage Rate) on a balance of $1000.00 then you will be spending $0.14 per day, $4.11 per month, and $50.00 per year on interest.

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APR (%) 
Days in Month 
Days in Year 
Interest Per Day$
Interest Per Month$
Interest Per Year$