The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
Annual Interest Rate divided by 12= Monthly Interest Rate
I suspect that it will be 6.3!
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?
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] %
Erosion and mass wasting
The mean annual flow rate is 38,430 cubic feet per second
Devon has a lil dick
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest
About a foot per year.
why has the Niagara falls rate of erosion chanded
Annual Interest Rate divided by 12= Monthly Interest Rate
Find the annual amount of FICA at a 7.51% rate by computing his annual salary
why has the Niagara falls rate of erosion chanded
I suspect that it will be 6.3!
A measure of the cost of credit expressed as a yearly interest rate.