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Upfront Fee Equivalent Interest

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Tuition payment plans allow one to spread the tuition payments over several months. These plans are often advertised as charging only a "nominal" fee (i.e., no interest). This fee, however, is equivalent to prepaid interest. This calculate determines the equivalent interest rate given the tuition rate, length of the payment plan, and amount of the fee.


Tuition Amount:
Repayment Term:
Nominal Fee:
 

 
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