US Style APR (Annual Percentage Rate)

Offer No 1

Offer No 2

200,000

100,000

Fees

5,000

1,000

Term

30.00 years

10.00 years

7.5000%

5.0000%

Loan Amount

Quoted Rate Per Annum

Payments Per Year

-12

-4

#ADDIN?

#ADDIN?

US Style APR1

#ADDIN?

#ADDIN?

UK Style AER2

#ADDIN?

#ADDIN?

US Style APR1

#ADDIN?

#ADDIN?

Quoted Rate Per Annum

#ADDIN?

#ADDIN?

UK Style AER2

#ADDIN?

#ADDIN?

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Or to go back the other way:

1 APR: Annual Percentage Rate. The interest, expressed on the same time basis as the quoted rate, that takes into account fees.
2 AER: Annual Equivalent (Effective) Rate. The simple interest rate expressed as an annual equivalent rate (no regard for fees).