0
How do you determine the rate for one month for compounded interest?
Wiki User
∙ 13y ago
On monthly compounding, the monthly rate is one twelfth of the annual rate. Example if it is 6% annual, compounded monthly, that is 0.5% per month.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
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.
Find the effective rate when the stated rate is 13.5 percent and the interest is compounded semiannually?
13.96%
What interest rate is required for an investment with continuously compounded interest to double in 8 years?
It is approx 8.66%
Future value of 2000 in 5 years at interest rate of 5 percent?
Compounded annually: 2552.56 Compounded monthly: 2566.72
What is the nominal rate of interest per annum compounded monthly equvalent to effective interest rate of 12.60 percent per annum?
0.9938% per month, when compounded is equivalent to 12.6% annually.
What is the monthly interest rate of 18 percent annually?
With simple interest, it is 1.5% per month. If compounded, it is 1.389% approx.
What is the interest rate of 13.75 percent compounded monthly is equivalent to a daily compounded interest rate?
14.651
What is the monthly interest rate of and annual 10 percent rate?
It is 0.833... recurring % if the interest is simple, or compounded annually. If compounded monthly, it is approx 0.797 %
How much will 25000 be worth in 18 years if it is invested at 6 percent compounded monthly?
$73053.88 when compounded month your yearly rate would be 0.061678% * * * * * True, but in real life the quoted interest rate, "6 percent compounded monthly", should read "an interest rate, such that, if it were compounded monthly, would give an annual equivalent rate of 6 percent". The equivalent of 6% annual is 0.487% monthly since 1.0048712 = 1.06
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] %
How many interest will you get for 1 million?
It depends on the rate of interest, how it is compounded, and how long it draws interest.
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
Determine the per annum interest rate r required for an investment with continuous compound interest to yield an effective rate of 4.25 percent Express your answer as a percent?
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
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.
150 if invested for three years at a 9 percent interest rate?
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
