Per Diem Calculator

Enter the annual interest rate (%) and the current principal value into the calculator to determine the per diem interest rate and amount.

Per Diem Formula

The following formula is used to calculate per diem interest.

DI = AR / 365 * P

  • Where DI is the per diem amount ($)
  • AR is the annual rate (%)
  • P is the principal amount ($)

Per Diem Definition

Per diem typically refers to the daily amount paid on a loan or mortgage. It comes from the meaning of the word per diem, which means by the day in Latin.

When is per diem interest used?

Per diem interest is often used when analysis of a loan is being done on a daily bases. Since long term amounts are hard to comprehend, braking down an interest into a per diem interest can help simplify it.

What is Per Diem interest?

A per diem interest is a non-compounding daily interest rate equivalent to the annual interest rate divided by 365. It’s important to note that this is not compounding, otherwise there would be a big difference between the daily rate and annual rate.

How to calculate per diem interest?

  1. First, determine the annual interest rate.
  2. Next, divide the annual rate by 365.
  3. Finally, multiply that value by the principal to calculate the per diem amount.
per diem calculator
per diem formula

Related Terms

per diem calculator
per diem formula
how to calculate per diem
how to calculate per diem interest
how is per diem calculated on travel days
per diem calculator 2020
gsa per diem calculator
per diem calculator tool
per diem calc
per diem rate calculator
per diem calculator excel
daily per diem calculator
military per diem calculator
how is per diem interest calculated
per diem calculator 2019
navy per diem calculator
how to calculate per diem rates
army per diem calculator
m&ie calculator
how do you calculate per diem
government per diem calculator
how to calculate per diem hourly rate
per diem salary calculator
how do you calculate per diem for travel days
how to calculate per diem on auto loan
army per diem rates calculator
how to calculate daily per diem
per diem calculator army
how to calculate per diem salary
per diem split calculator
how to calculate per diem interest on a mortgage payoff
how to figure per diem
gsa rate calculator
defense travel per diem calculator
how to figure out per diem
dts per diem calculator
how per diem is calculated
how do you calculate per diem interest
how to calculate per diem interest on a mortgage
how to calculate per diem on a mortgage loan
how to calculate per diem on car loan
air force per diem calculator
how to determine per diem rates