0
5% = 5/100 = 0.05 0.5% = 0.5/100 = 0.005 So the difference is 0.05-0.005 = 0.045
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Which interest rate is cheaper 3.13 percent or 2.75 percent?
2.75 percent
What is your monthly interest rate at 9.75 percent on 365.00?
Assuming that the interest rate is 9.75% per year, the answer will depend on how often the interest is compounded.
Calculate the daily interest rate on an annual rate of 17.7 percent?
0.04849%
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is the continuous compounding rate equivalent to an effective interest rate of 18 percent?
2
What was the interest rate in 1968?
As of today, there was no one set interest rate in 1968. On a CD, the interest rate averaged between 5.53 percent and 6.39 percent in 1968. The 2013 rates on CDs are only 1.0 - 1.5 percent.
What is a 4 percent difference on a mortgage?
4% difference on the interest rate of the mortgage. IE: One mortgage could be 7% and the other could be 3% so there is a 4% difference in the interest rate of the two mortgages.
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
What is the current interest rate for auto finance?
Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.
What is the difference between the coupon rate and the interest rate?
Coupon rate is something that is paid semiannually. The interest rate is something that starts as soon as a bond is issued.
What is a good interest rate for 15 year mortgage rates?
A good interest rate for 15 years mortgages is between 2.0 and 3.0 percent. Getting the lowest interest rate depends on your credit history.
What is the average interest rate for investment property loans?
The average interest rate for investment property loans is between 5 and 8 percent. The interest rate depends on the time it takes until everything is payed back.
How do you find interest rate?
To find interest rate you multiply the price by the time by the percent
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is the Difference between interst rate swap and interest rate future?
The simple answer is that an Interest Rate Swap (IRS) is Over The Counter (OTC) while a Futures Contract is Exchange Traded.
What is the interest rate on an american express gold?
"The average interest rate on an American Express Gold Card is between 17 and 19 percent annually. However, on past due balances that jumps up to 30 percent."
What is the difference between flat rate and reducible interest?
Reducible interest means that one only pays interest on the balance of money owing at the end of the month. Flat rate means that interest is calculated on the original load. Reducible interest rate is approx. equal to twice the flat interest rate.
