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Charlie Schulist

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3y ago
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14y ago

600 * (1.014) ^ 30 = $910.51 (to nearest cent)

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Q: What is the interest for a 30-month period on six hundred dollars borrowed at the interest rate of 1.4 percent per month?
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Related questions

Six hundred dollars is borrowed at an interest rate of 1.4 percent per month Find the interest for a 30-month period?

252


Eight hundred dollars is borrowed at an interest rate of 1.5 percent per month Find the interest paid over a period of 5 months?

$60.00


How much interest will you earn on eight hundred thousand dollars?

that depends on the interest perscent


How much interest is gained on two hundred thousand dollars?

There is not enough information in the question ! It depends entirely on what the interest rate is - and the length of time the interest is applied !


Can I stretch my payments from a low interest payday loan several months?

Payday loans don't offer loans that are as much as $3000 dollars. They only offer a few hundred dollars at most, and the interest rates are around 20 to 40 dollars.


How much money in interest would a hundred dollars build in a year?

It depends on the interest rate. If it was a 10% rate, it would generate $10.00


What is the APR on money market funds and CDs?

The APR or Annual Percentage Rate of a bank CD is how much you actually get at the end of the year, due to compound interest. To keep it simple, let's say you buy a hundred dollar CD and the percentage rate you are promised is ten percent. You expect to get your hundred dollars plus an extra ten dollars at the end of the year. Due to the magic of compound interest, you get more. Suppose the bank compounds the interest every week. (Many banks compound daily!) The first week you get a week's worth of interest on your hundred dollars. The second week you get a week's worth of interest on your hundred plus interest on the previous week's interest. The third week you get interest on your hundred and on the first week's interest and on the second week's interest. And on and on. So the only number you care about is not the Interest Rate, but the Annual Percentage Rate, because that is what you will actually receive at the end of the year. If the Percentage Rate is 4.21% and the APR is 4.30% you will get $4.30 interest on each $100 in your bank CD. None of this applies to Money Market Funds. Their percentage rates can change from day to day.


What is two hundred dollars worth?

Two hundred dollars.


How do you spell 830 dollars?

eight hundred and forty dollars


How do you write 35 hundred dollars?

Thirty five hundred dollars or three thousand five hundred dollars or 3,500 dollars or $3,500


In 1992 how much was a hundred dollars worth after a year?

after 1 year a hundred dollars was worth one hundred and fifty dollars.


How do you spell 100 dillars?

Hundred dollars, or one hundred dollars