Calculating a 16.00% APR on a Balance of $1,550.00

If you have a 16.00% APR (Annual Percentage Rate) on a balance of $1550.00 then you will be spending $0.68 per day, $20.38 per month, and $248.00 per year on interest.

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