Factor Rate to APR Formula
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  1. #1
    Senior Member Reputation points: 8603 Regium's Avatar
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    Quote Originally Posted by Triton View Post
    What's the equation to figure out the actual APR from a factor rate?

    Thanks in advance!
    What's the purpose of converting it to APR? Almost same as shooting yourself (and the concept of MCA) in the foot

  2. #2
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    Quote Originally Posted by Mikhail Suley View Post
    What's the purpose of converting it to APR? Almost same as shooting yourself (and the concept of MCA) in the foot
    I know I had this question before as well. Not to use the information day to day in our line of work, but for the intellectual curiosity of how it actually works. Some of us just like to know the how or why.

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