0
You paid 11.75 over the regular price of 470 for a stereo system because of financing them for 2 months What was the annualized rate of interest you paid for the stereo?
Wiki User
∙ 14y ago
If there was no partial payment before the final payment, your interest rate was (11.5/470)(100)(12 months/2 months) = 14.68 %.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Why is a pentagon regular?
a pentigon is regular because it has 5 sides
Can a trapezoid be regular?
No because only a square can be a regular 4 sided quadrilateral.
Does a regular pentagon have equal sides?
Yes, because all the sides are the same length.
Is a square a regular polygon?
Yes, a square is a regular polygon because all of its sides are equal.
Is a right triangle regular or irregular?
No because only an equilateral triangle is a regular polygon because it has 3 equal sides and 3 equal angles.
Does VW offer a discounted credit?
"Depending on what you have to put down on your new vehicle, Volkswagen does offer a zero percent financing. Otherwise, the interest is fairly low in regular auto financing, also."
What sort of finance options are there for a classic car?
There are a couple of finance options similar to regular car financing. The only difference is that interest rates for classic cars are higher.
Are there any benefits to having a GMAC Auto Financing Loan versus having a regular bank car loan?
Yes a GMAC auto financing loan enables customers to buy their car in a more flexible and user friendly way than a regular car bank loan. Interest rates are lower so it should be more affordable.
What is a disadvanageof dept financing?
The main disadvantage of debt financing is that it requires a small business to make regular monthly payments of principal and interest. Very young companies often experience shortages in cash flow that may make such regular payments difficult. Most lenders provide severe penalties for late or missed payments, which may include charging late fees, taking possession of collateral, or calling the loan due early. Another disadvantage associated with debt financing is that its availability is often limited to established businesses.
What is the interest on an express credit card?
The interest on an express credit card is 8.7%. They are not a very good alternative to a regular credit card such as a visa or mastercard because the interest is very high.
What is rental inventory financing?
For manufacturers, dealers and traders who are in need of inventory any time, FMLFC can provide financing for the purchase of inventory on a regular basis.
What is the difference between home loans for manufactured houses versus home loans for regular homes?
The most common way of financing a manufactured home is through a retail installment contract. This is different for a home loan for a regular loan because this is usually done through a regular mortgage from the bank.
How does low refinance differ from refinancing?
The main difference between regular financing and low financing is the rate that one would have to pay for the refinancing.. A low refinance is the most preferable kind of refinancing.
What is membership interest?
you get to do things regular penguins cant
What does bank provide for industries?
Banks provide banking facilities and loans & financing for industries to carry out their operations. Most industries will require the help of banks to finance their projects and use the loans to carry out their operations. They will in turn repay the bank on a regular basis including the interest which becomes an income for the banks.
How does the interest rate for a bad credit debt consolidation loan differ from a regular small bank loan?
The interest rate for a bad credit debt consolidation loan differs from a regular small bank loan because the interest rate for the bad credit debt consolidation loan would be higher. The rate would be higher due to the fact that the one receiving the loan would pose a risk because they have bad credit and obviously had not been good with payments or something in the past. The regular small bank loan would be for those who have good credit, so the interest rate would be normal or lower.
Do bonds pay a variable interest rate monthly?
No, bonds pay a fixed amount of interest on a regular schedule.
