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What describes the Annual Percentage Rate?
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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
How do you figure the interest rate percentage on a 144000 when you receive 3357.15 a year interest?
To find the interest rate percentage, divide the annual interest amount by the principal amount and then multiply by 100. In this case, the calculation would be ( \frac{3357.15}{144000} \times 100 ). This results in an interest rate of approximately 2.33%.
What is the annual percentage spent on food in Germany?
The answer depends on percentage relative to WHAT!Total annual spend in Germany?Annual spend on food in the EU, Europe, World?Some other measure for comparison?
What is 2000 is compounded quarterly at a rate of 8 percent for 5 years?
The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.5 years = 5*4 = 20 quarters.At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
What describes annual percentage rate?
An annual percentage rate is the average percentage change over a period of a year. The percentage change is the change divided by the initial value, expressed as a percentage.
Which of these describes the annual percentage rate?
the amount of finance fee that is charged on the loan for each year
What describes the Annual Percentage Rate?
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What is the effective annual rate (EAR) if the annual percentage rate (APR) is 5 and compounding is quarterly?
The effective annual rate (EAR) is 5.09 when the annual percentage rate (APR) is 5 and compounding is done quarterly.
What is the maximum annual percentage rate for visa?
The annual percentage rate may vary but it can be increased to an 18% APR.
What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
What is the formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR)?
The formula for calculating the effective annual rate (EAR) when using the annual percentage rate (APR) is: EAR (1 (APR/n))n - 1 Where: EAR is the effective annual rate APR is the annual percentage rate n is the number of compounding periods per year
How the annual percentage rate measures the true cost of a loan?
how the annual percentage rate measures the true cost of a loan
How can I calculate the monthly percentage rate for a loan or investment?
To calculate the monthly percentage rate for a loan or investment, you can use the formula: Monthly Percentage Rate (Annual Percentage Rate / 12). This formula divides the annual rate by 12 to determine the monthly rate.
What is the quarterly interest rate if the annual percentage rate is 7 with monthly compounding?
The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.
What is the annual percentage rate of visa?
It is 17.99%
