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Earn +20 ptsQ: What is the daily interst on the annual rate of 17.7 percent?
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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%.
If the daily interest rate is 3.50 percent what is the annual interest rate?
3.5% interest compounded daily is equivalent to 3.562% annual yield.(It can't possibly be 3.5% daily. That would compound to 28,394,072% in a year.)
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
What is theSimple interst for 20000 20 percent for 6 months?
20% is the annual rate of interest. 10% will be paid after 1/2 year = 6 months 10% of 20,000 = 0.1 x 20,000 = $2,000
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
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