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The answer depends on the following factors:
- whether you are paying it or earning it,
- what the rate of inflation is
- what your expectations are for the rate of inflation/interest over the duration.
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What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What does a lower interest rate mean for savers?
It means that they are getting less money for deferring expenditure and saving instead. However, it is not the low nominal interest rates which matter but what the "real" interest rates are. This is the difference between the nominal interest rate and the rate of inflation. An interest rate of 2% when inflation is 0% is good news for savers but an inflation rate even as high as 10% is bad news if inflation is higher than 10%.
What is the corresponding componding?
Corresponding compounding is the interest rate on loan or the financial product restated from nominal interest rate as an interest rate with an annual compound interest.
Is it important to get a low interest rate when you borrow money like on a credit card or student loan?
It depends on whether the interest rate is a low introductory rate or a fixed rate. It also depends on how fast you plan to pay it off. The faster you pay it off, the less significant the rate of interest is.
What is a good interest rate on a 15 year mortgage?
Any interest rate below 5% is a favorable rate currently. This interest rate is a competitive rate.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
What is a good interest rate for 15 year mortgage rates?
A good interest rate for 15 years mortgages is between 2.0 and 3.0 percent. Getting the lowest interest rate depends on your credit history.
What the role of interest rate in economic and what the good and bad effect of interest rate.?
what's effect on plabmid when gene of interest large size
What is a good auto refinance interest rate?
A good auto refinance interest rate is about 3.00%. You can find the best rates at www.premierdebtsolutions.net or financial.WellsFargo.com/autoapp
What if your credit is 700 but all your credit is max out can you still get a good car loan with a good interest rate?
High utilization will not help you when it comes to getting good interest rate.
Where can I find a decent interest rate calculator online?
The best place to find a decent interest rate calculator online is on the Calculator.net website. There is also a good interest rate calculator at Money Chimp.
What is considered a good interest rate on a mortgage?
A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.
What is a good CD interest rate?
A good Cd interst rate would be above 1,5,currently Discover Bank New Castle, offer a Cd interest of 1.69
What is an appropriate interest rate for a secured loan?
Interest rates will be decided based on what your securing the loan with and how good your credit score is. A good interest rate is running right around 8% for a secured loan with average credit.
What are good interest rates for bank loans in 2013?
What qualifies as a good interest rate depends on the loan. There are car loans, mortgage loans, home equity loans and personal loans. The interest rate for each loan differ.
What is average interest rate on American mortgage?
The current interest rate on American mortgages is quite good. You go buy house now
