1.5% monthly
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
1.75%
14.4%
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
22.8 or 22.80
1.5% monthly
1.5% monthly
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
0.67 percent
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
1.75%
14.4%
1 3/4%
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
1.5 or 1.50