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APR Calculator
Convert APR to monthly rate, total interest cost, and effective APY.
Effective APY (with monthly compounding)
25.57%
Monthly rate1.916%
Daily rate0.0630%
Annual interest on balance$1,149
APR is the simple annual rate. APY (effective) is what you actually pay because interest compounds. APY > APR always.
👉 Compare common rates: credit card interest by APR — the cost of 12%, 18%, 24%, 30% and more on a $5,000 balance.