MINI2 - MINI Forum - View Single Post - PCP / Mini Select = High interest rate con ???

Scrogg · Apr 30th, 2007, 04:42 PM

I was only using 4% as an example, not as the equivalent flat rate of 7.9% APR, so sorry for any confusion.

I'm still dying to know how you guys arrived at that interest figure from the APR though? What is the calculation?

Apr 30th, 2007, 04:42 PM	#16
Scrogg Run out of ideas... Join Date: Jul 2006 Location: Gloucester Local Time: 01:53 AM Posts: 15,381 Offline	I was only using 4% as an example, not as the equivalent flat rate of 7.9% APR, so sorry for any confusion. I'm still dying to know how you guys arrived at that interest figure from the APR though? What is the calculation?