2.25
First choice 15.75, second 18.00, so better by 2.25 a year
2.25
If the interest rate was eight percent, it would take about 9 years to double your principle.
4% difference on the interest rate of the mortgage. IE: One mortgage could be 7% and the other could be 3% so there is a 4% difference in the interest rate of the two mortgages.
5% = 5/100 = 0.05 0.5% = 0.5/100 = 0.005 So the difference is 0.05-0.005 = 0.045
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6.85
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
3 percent interest on 150000 is 4500.
Interest is 99.9
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
1.9989% difference.