Hi! Please, describe how to calculate Apr (annual percentage of rate). If you can, write a formula based on starting input values (principal amount of the loan, payment amount on the loan, number of periods in the loan’s duration).
Steve, Do you know how to reverse a loan Payment? I have successfully coded the loan payment based on loan size, interest rate and term. I'm trying to calculate the loan size based on the monthly payment, term and interest rate. I can do it in excel but not in livecycle.