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What does the term apr mean and where can you find the help?
The term APR stands for Annual Percentage Rate and this refers to your interest rate for an entire year, or three hundred and sixty five days.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
How does one calculate the interest rate on a loan?
Calculating the interest rate on a loan isn't that difficult. A person will need to take the principal amount and multiply it by the term of the loan and the annual percentage rate.
What is the term for the relationship among principle interest rate and time?
Time Value of Money
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 relationship between short term and long term interest rate?
A short term interest rate occurs over a short period of time. A long term interest rate occurs over a long period of time.
What is key policy rate?
The short term interest rate
What does representative mean with regard to interest rates?
A representative interest rate is an interest rate that is exemplary or acrhetypical rate.
What are the precautions of short and long term interest rates?
The precaution of short term interest rate is that the rate tends to be higher due to its term. Long term interest rate, on the other hand, tends to be lower, but since it will take a long time to pay off debt, in the long run, the accumulated interest rate becomes much more.
What does the nominal interest rate mean?
A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.
What does the term apr mean and where can you find the help?
The term APR stands for Annual Percentage Rate and this refers to your interest rate for an entire year, or three hundred and sixty five days.
Are short-term bond prices are more sensitive to interest rate changes than are long-term bond prices?
No, longer term bonds are more sensitive to interest rate changes.
what is the libor rate and what does it mean?
Libor is the London Interbank Offered Rate. This rate is used for short term loans and interest rates. It is also the rate that banks use to know who is worthy of getting credit and who is not.
What is the term Official Cash Rate mean in Australia?
The term Official Cash Rate (OCR) is one that is used in Australia and New Zealand. It is used to describe the bank rate and interest rate a bank charges on overnight loans given to commercial banks.
Where can I find the best short term interest rate in Kentucky?
i think the btter one is CD Interest Rate Surprises.
What does effective interest rate mean?
An effective annual interest rate considers compounding. When the principle is compounded multiple times each year the interest rate increased to be more than the stated interest rate. The increased interest rate is the effective annual interest rate.
What is the definition of fixed interest rates?
An interest rate that remains constant throughout the agreed term. If changes in the goverment base rate occur where commercial rates rise or fall you wont be affected.
