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How many times will interest be added to the principle in 1 year if the interest is compounded quarterly?
If interest is compounded quarterly, it is added to the principal four times a year. This means that interest is calculated and added to the principal every three months, resulting in four compounding periods within a single year.
What determines the arithmetic mean of a range?
You need to have all the values within the range to calculate the arithmetic mean .
How do you find simple interest?
to use each term properly, the following equations will help you:I-interest =P-principalx R-rateP-principal=I-interestx R-rateR-rate=I-interest XP-principalGoing back to the audience query about the interest of a Php 15,000.00 loan. payable within 12 months at 2% interest monthly, it can be coputedas follows :table:Principal: Php 15,000.00Rate: 2% monthly2% x 12 months = 24%Interest: ? n/aenjoy my answers! did you like it?
How do we calculate normal distribution six sigma?
To calculate Six Sigma in a normal distribution, you first determine the process mean (μ) and standard deviation (σ). Six Sigma corresponds to a process that operates within six standard deviations from the mean, meaning the goal is to have 99.99966% of the data points fall within this range. You can calculate the upper and lower control limits as μ ± 6σ. This approach helps identify the range of variation in a process and minimizes defects.
How much after tax would you get in intetest if you had 2hundred thousand pounds in bank?
The amount of after-tax interest you would receive on £200,000 in a bank depends on the interest rate offered and your tax situation. For example, if the interest rate is 1% annually, you would earn £2,000 before tax. If you're a basic rate taxpayer, you would pay 20% tax on the interest, resulting in £1,600 after tax. However, if your total income, including interest, falls within your personal allowance, you may not pay any tax on it.
When will the charges for using my debit card as credit be deducted from my account?
The charges for using your debit card as credit will typically be deducted from your account within a few business days of the transaction.
How do you calculate annual percentage yield?
To calculate annual percentage yield (APY), you need to consider the interest rate and the frequency of compounding. The formula is: APY (1 (interest rate / number of compounding periods)) number of compounding periods - 1. This formula takes into account how often the interest is compounded within a year to give a more accurate representation of the annual return on an investment.
Where can I find gifts for a woman's 40th birthday?
Well, flowers won't hurt. You can also find out what the person's interest is and get something that is within their interest and within your budget.
New ruling on payday loans in South Carolina?
In March of 2009, the state of South Carolina passed a law that requires Payday loan companies to change the way they calculate interest on loans given within the state. Interest will now be charged on a flat basis and can only compound at the maximum rate of 26%. Before the law, interest was being charged at the rate of over 270%.
Is there any university offering doctorate in optometry as a 2years course?
For colleges and universities within the Unites States, you can research institutions offering masters and doctorate programs by clicking on the related links section (Answers.com) indicated directly below this answer section.
What is the basis for interest groups' influence on government?
Often the size of the interest group will determine its effectiveness and its influence within the government.
What is is basis for interest groups influences on government?
Often the size of the interest group will determine its effectiveness and its influence within the government.
Is interest receivable a long term or short term asset?
Interest receivable is normally a current asset as interest are normally collected within one fiscal year.
Where does accrued interest on notes receivable go on a balance sheet?
Accrued interest which is to be received within 12 months is a current asset.
Is there any free insurance available within the United States?
No, there are no free insurance available in the United States. Some employers, however, would get you insurance coverage but this will be deducted from your monthly paycheck.
What is the interest rate of 7 percent within a 6 months time?
42
How does the no interest for 12 months promotion work?
The no interest for 12 months promotion allows you to make purchases without accruing interest for a year. If you pay off the full amount within the 12 months, you won't have to pay any interest.
