0
Still curious? Ask our experts.
Chat with our AI personalities
RafaThere's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa
SteveKnowledge is a journey, you know? We'll get there.
Chat with Steve
ViviYour ride-or-die bestie who's seen you through every high and low.
Chat with ViviAdd your answer:
Earn +20 ptsQ: Which describe annual interest rate?
Write your answer...
Submit
Still have questions?
Continue Learning about Math & Arithmetic
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!
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 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?
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
Trending Questions
What is 9 feet in yards?
What number divides evenly into a given number?
Where is the circumcenter of an obtuse triangle?
What is the answer to 4 divided by square root 6?
What is the statistic of repeat offenders of assault crimes returnint to jail?
How many cups are in 240 fl oz?
What is true about a line of best fit for a scatter plot?
How many centimeters are there in 14.9 inches?
What fraction of an hour is 18 miniutes?
Is sixty a triangular number?
And auto mobile is running at the speed of 60 km hrHow much distance will it cover in 40 seconds?
A firework is launched upward into the ait At 64ft above the ground it bursts in to a shower of sparks How long does it take to reach 64ft?
What are the formulas for finding areas of all figures?
Measure to the nearest half inch?
How do you play rajshri lotto two digits?
What is the function of interbrain?
How many minutes and hours make 90 minutes?
When do you use among or amongst?
What is the answer to 40 divided by 936?
How much is 16 percent of 80 Canadian dollars?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.