[Winning]

https://www.breakoutfinance.com/apr-calculator/

Thanks..

So the numbers I used to calculate the 7.43% APR is a bit of a moving target and really doesn't mean anything after you get into the deal.

For example... In my situation the orginal deal was for 83 weeks. But there have been no drafts for about 4 months... So if the drafts restarted at the same amount and frequency, that would add 4 months to the "Number of Months" field. That would then in turn lower the APR, which equals "APR is a moving target" that is only valid for a particular moment in time. Not a number that can govern the repayments in any way.

So I guess the APR requirement is so that a merchant can get a visual representation of a value that they may be more familiar with..

But at the same time the merchant must understand the APR does not have the same power in a MCA product vs the Loan product the merchant maybe more familiar with.