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Earn +20 ptsQ: What is the formula for calculating Equated annual Instalment?
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The formula for computing interest on a note is principal of the note times the annual interest rate times time expressed in years?
I = (P x T x R)/100
The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
What is annual interest?
Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.
What is John's annual yield when John buys a 1000 bond that pays 6 percent annual interest at 75?
8
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
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