1.5
or
1.50
19.56%
14.4%
1.5% monthly
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
The question cannot be answered. 1.094171 monthly is not equivalent to 2.25 APR. So the question contains inconsistent information.
1.75%
14.4%
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
1.5% monthly
The monthly interest is 100.
90,000
1.5% monthly
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
Many consumers will focus largely on finding the loan with the lowest interest when shopping for a new loan. There is a perception that the financing option with the lowest interest rate will yield lower monthly payments and will therefore be more affordable than other options. While this is generally true, there are other factors that must be considered as well. When most borrowers shop for a loan, their desire is to get the best deal on their loan, and the monthly payment is not the only reflection of loan affordability. In order to find the best financing option, it is imperative that you calculate interest charges on various options available to you.Factors That Affect Interest ChargesDepending on the principal loan balance and loan term, the difference of a few tenths of a percent in the interest rate can result in hundreds or even thousands of dollars in additional interest charges being assessed over the life of the loan. The effect of this seemingly nominal difference on your monthly payment may be negligible, but the long-term effect can be significant. It is important to note that the interest rate, loan term and loan amount will all be used to calculate interest charges on the loan.How to Calculate Interest Charges On Your LoanMany lenders will provide you with an amortization schedule that includes interest charges when you apply for a new loan. With some lenders, you may need to request it directly. However, before you apply, you can calculate interest charges on your own by using online loan calculators. Using these calculators to compare interest charges for different interest rates, loan terms and loan amounts is wise. By using these calculators, you can most easily to determine which loan option is most affordable for you.You should calculate interest on different loan options before you apply for a new loan, but you should also calculate interest on your existing loans from time to time. By doing so, you can gain a better understanding on how much money your current loans are costing you, and you can determine if it is wise to pay some of your loans off early.
19.2
0.67 percent
The question cannot be answered. 1.094171 monthly is not equivalent to 2.25 APR. So the question contains inconsistent information.
79.17