We're excited to announce a brand new feature on Scramble that will help you stay on top of your financial goals.
APR (Annual Percentage Rate) tracking is now available directly from your dashboard! This powerful tool allows you to easily monitor and manage your APR so you can make informed decisions about your investments. Whether you're looking to maximize your returns or track your progress over time, APR tracking is here to make your financial journey smoother and more efficient.
Your APR is calculated by considering the following factors:
We then apply the XIRR formula to calculate your APR. For more details on the formula, click here.
While there are different methods available to calculate APR, on Scramble, we use the XIRR formula, which is widely recognized for its accuracy in handling irregular payment schedules and varying amounts.
To get the most out of your investments, here are some helpful tips for increasing your APR:
We hope these tips will help you achieve your financial goals more efficiently.
Start tracking your APR today and take full control of your investments on Scramble!