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When finding the APR why is the total of payments and the annual interest rate multiplied by 2?
Wiki User
∙ 16y ago
It is not - or at least, it should not be.
Wiki User
∙ 8y ago
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What is the formula for finding interest?
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
How is accrued interest calculated?
Accrued interest is usually calculated like this: Accrued interest = face value of the bonds x coupon rate x factor. Coupon = Annual interest rate/Number of payments. Factor = time coupon is held after last payment/time between coupon payments.
What if your firm wants to purchase a 50000 dollar computer no money down the 50000 will be paid off in 10 equal end of year payments at 8 percent interest what are the annual end of year payments?
5400.00
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
Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?
75
In the 1780 what was over 50 percent of Frances annual budget was expended on?
Interest payments on the debt
What is accrual interest?
Interest accrual can be an income item or an expense item where there has not yet been a cash transaction. So, if a bank investment or a loan calls for annual interest payments, you would accrue interest each month for one-tweflth of the annual amount.
What is the formula for finding interest?
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
How is accrued interest calculated?
Accrued interest is usually calculated like this: Accrued interest = face value of the bonds x coupon rate x factor. Coupon = Annual interest rate/Number of payments. Factor = time coupon is held after last payment/time between coupon payments.
What is the Interest Rate of Hard Money?
The rate varies from lender to lender. According to Bigger Pockets, The rate will range from 10% interest only to 18% interest only annual interest rate payable monthly in most cases. Some Lenders will defer interest payments to payoff, benefiting investors that do not want payments during rehab.
What is the interest rate for a mortgage from the bank Indymac?
The interest rate for mortgages from IndyMac start from between 2.7% - 3.7%, depending on your yearly fixed rate. This also depends on your annual mortgage payments.
How are Interest Payments made to the Investors in case of a Corporate FD?
The Interest payment is usually made depending upon the Investors choice. They can opt for Monthly or Quarterly or Half-Yearly or Annual Interest Payments. The company will declare upfront the mode of interest payment. It will either be through cheques mailed out the investors address or through ECS into the investors bank account.
What if your firm wants to purchase a 50000 dollar computer no money down the 50000 will be paid off in 10 equal end of year payments at 8 percent interest what are the annual end of year payments?
5400.00
How do you convert annual interest rate to monthly?
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
What is the true annual rate of interest charged?
The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.
If your annual mortgage payments total 13986.00 how much of a mortgage can you get?
Based on a 30 year mortgage with a 4.5% interest rate, you could afford a house that was worth $230,025
What is the normal charge for citicards payments?
Some of the charges for using a Citibank Citi card are the annual fee, interest fee, and a fee for overcharging the credit. An annual fee is a once-a-year fee for using Citicard services. An interest fee can be incurred for not paying off one's credit card balance each month. Citicards that are used to make payments that are past the established credit limit can incur a fee, as well.
