Just type in any box and the result will be calculated automatically. See the lease money factor page for more details about the money factor.
The lease rate factor is easy to convert to the more common annual percentage rate.
How to convert money factor to percentage. For example if the money factor is 0 00271 the math gives an interest rate of 6 5 percent. You can convert a money factor to a standard percentage interest rate just by multiplying by 2 400. The following examples show how to convert a number decimal or fraction to a percent.
Additional fees are not included in the factor rate calculation but are included in the apr. Money factor is just another way to represent an interest rate and the calculators on this page allow you to easily convert between the two. It s a different way of showing the amount of interest the lessee must pay on a lease with monthly payments.
The full amount of the interest is charged to the principal when the loan or advance is originated. Follow these steps using the previous example of a 10 000 merchant cash advance at a 1 25 factor rate with an expected repayment period of 180 days or six months. You can also go from an interest rate to a money factor by dividing the rate by the same 2 400.
Calculate a percentage based on 2 numbers. Converting a number to a percent to convert a number into percent multiple it by 100 and then add the percent sign. 5 of 25 1 25.
The lease rate factor also known as the money factor is a component of the interest rate used to determine loan payments. Use this calculator to find percentages. To calculate the percentage discrepancy take the difference between the two exchange rates and divide it by the market exchange rate.
Example 2 if you have money factor. See below for a simple calculator that does the conversion math for you. Factor rates are expressed as a decimal figure rather than a percentage.
One conversion rate for any money factor to find the equivalent interest rate for a money factor multiply the factor by 2 400. This simplifies the math of the money factor itself which is a complicated calculation that. 1 37 1 33 0 04 1 33 0 03.
Calculate the percentage of a number. How to convert a factor rate into an annualized interest rate. Money factor 001875.
Apr interest rate 4 5. Money factor calculator the two calculators on this page allow you to convert between money factor and interest rate. These examples convert the numbers 23 and 158 to percents.
That s the manual way. To compare an interest rate to a factor rate you need to do a conversion. For most people looking.