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Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.

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10y ago

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How can I calculate the monthly interest rate from an annual interest rate?

To calculate the monthly interest rate from an annual interest rate, divide the annual rate by 12. This will give you the monthly interest rate.


How to convert a monthly interest rate to an annual interest rate?

To convert a monthly interest rate to an annual interest rate, you can multiply the monthly rate by 12. This will give you the annual interest rate.


How do you convert annual interest rate to monthly?

Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest


What is the true annual rate of interest charged?

The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.


How can I convert an annual interest rate to a monthly interest rate?

To convert an annual interest rate to a monthly interest rate, divide the annual rate by 12. This will give you the equivalent monthly rate.


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


Bens 1000 bond earns 7.5 percent in annual interest What is the annual interest?

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Earl's 1000 bond earns 6.2 percent in annual interest What is the annual interest?

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What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?

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What is the annual rate of an investment 20000 at an annual interest rate of 7 and 12000.00 at an annual interest rate of 7.5 what was his annual income on the two investment?

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Investing 450.00 at 3.5 percent annual interest or 400.00 at 4.5 percent annual interest What is the difference in the amount of interest that could be earned?

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What is the difference between monthly interest and annual interest rates?

Monthly interest rates are the interest rates calculated and applied on a monthly basis, while annual interest rates are the interest rates calculated and applied over a year. Monthly interest rates are typically lower than annual interest rates because they are based on a shorter time period.