Work Out APR in Vb.

This may help

http://stephenhaunts.com/2013/05/22/how-to-calculate-annual-percentage-rates-apr/

Don't need to be that complex for a loan with a single payment level. Use the Rate() method. The VB documentation gives a pretty clear example of how to use it. Note that the money in one direction or the other (payment or initial value) needs to be negative, and that you'll probably want to get a rate per month (assuming payments are made monthly), which then needs to be multiplied by 12.

I can't give you an exact formula, because you haven't provided all the information needed: We need to know the length of time the loan lasts and the payment per month (or other payment period).

Here are the full details. I want to  work out the apr with the below variables on a button click event.  Thanks


Loan Advance:      £70,000.00
Term:      5 years
Monthly Payment:      £1,486.00
Total Repayable:      £89,160.00
Lender Fees:      £500.00
Broker Fee:      £4,995.00
Gross Loan:      £75,495.00
Annual rate: 6.75%

Perfect, Thankyou