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Not enough information. You also need to know:

* The final amount of money

* Whether simple or compound interest is known

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10y ago

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To find the interest payment on a loan or investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount of money borrowed or invested, the rate is the interest rate, and the time is the duration of the loan or investment. Plug in these values to calculate the interest payment.


What exactly is the finance rule of 72?

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What is the equation used to figure what the interest rate of return is in a CD for example?

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Find the simple interest earned after 5 years on an investment of 2000 at 3.2 percent?

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How do you find an interest?

Since interest is a percentage of base principle times time - one must look at the reversing the process of removing the principle base and time to calculate what the base interest rate. Where this gets more complex if there is deferred interest into play and this pending some loan agreements interest is also applied to the deferred interest with an additional higher added on penalty fee. For this reason highly recommend reading full terms of loan agreements where deferrals agreements are very likely risk into deepening risk for the consumer. One must usually gain the original loan or investment agreement: interest rate and payment or modification history on a given investment. If an investment agreement also detail history as some investments offer a cash-out emergency loan that may be required . One example is some life insurance policies one may borrow against as a loan for emergency funds until the policy reaches maturity.


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