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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 to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?
I suspect that it will be 6.3!
What is the monthly interest rate for a annual interest rate of 6 percent?
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
How do you calculate monthly interest rate on an annual interest rate?
If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %
What does the acronym APY mean?
Annual Percentage Yield. It means expresses an annual rate of interest taking into account the effect of compounding . It is always greater than or equal to the Annual Percentage Rate [APR]
What is the principal means of comparing credit cards?
Annual Percentage Rate (APR)
How can I convert an annual rate to a monthly rate?
To convert an annual rate to a monthly rate, divide the annual rate by 12. This will give you the equivalent monthly rate.
How can I calculate the monthly interest rate from an annual interest rate?
To calculate the monthly interest rate from an annual interest rate, divide the annual rate by 12. This will give you the monthly interest rate.
How can I convert an annual interest rate to a monthly interest rate?
To convert an annual interest rate to a monthly interest rate, divide the annual rate by 12. This will give you the equivalent monthly rate.
How to convert a monthly interest rate to an annual interest rate?
To convert a monthly interest rate to an annual interest rate, you can multiply the monthly rate by 12. This will give you the annual interest rate.
What is the annual rate of an investment 20000 at an annual interest rate of 7 and 12000.00 at an annual interest rate of 7.5 what was his annual income on the two investment?
Devon has a lil dick
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 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 does EAR and CPR stand for?
EAR stands for Effective Annual Rate, which is the annual interest rate accounting for compounding over a given period. CPR stands for Constant Prepayment Rate, which is a measure used in mortgage-backed securities to estimate the rate at which borrowers will prepay their loans.
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 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
