answersLogoWhite

0


Best Answer

An annuity rate is something that helps you pay for retirement first you decide how many years you want payment from the income payments whether thats a couple of years or a year.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do banks calculate annunity rates?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Math & Arithmetic

How do you calculate complication rates?

To calculate complication rates, you take the total numbers of complications from a certain period and divide by the total number of patients.


How you can calculate LIBOR rate?

LIBOR stands for London interbank offered rate. Banks in London, similar to the United States, can exchange money between banks. LIBOR is the rate at which banks borrow funds from other banks in the London interbank market.LIBOR CalculationLIBOR is an average of actual rates used by banks. To calculate LIBOR, the British Banker's Association (BBA), surveys a variety of banks that reflect the general market. The BBA then surveys the different banks' interbank interest rate quotes. These quotes are made available to the public.The top and bottom quartile of the quotes are discarded, and the remaining interest rate quotes are averaged to form the daily LIBOR. LIBOR is calculated daily at 11:00 am London time or 6:00 am eastern time. Because LIBOR is an average of quotes and only calculated daily, the actual rates used between banks may fluctuate from the specific LIBOR rate. However, LIBOR provides a good approximation of the actual rates being used. This approximation is normally more accurate for short-term LIBOR rates and less accurate for long-term LIBOR rates.LIBOR RatesLIBOR rates are provided for periods of up to 12 months. The most common rates are the daily, weekly, one month, six month, and one year. LIBOR rates are also provided in ten currencies, including the US dollar, Japanese yen, Euro, and Pound Sterling. The Financial Times displays current LIBOR rates in multiple currencies.LIBOR ApplicationsLIBOR is an important rate that influences many financial instruments. In addition to providing an interbank lending rate and baseline for other lending rates, LIBOR also influences derivatives. Eurodollar futures and interest rate swaps are derivatives that are influenced significantly by LIBOR.


What is one million US dollars to Indian Rupees?

The rates change every day. Use this currency converter to calculate it.


What is the various function of rbi?

Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.


How do you calculate year-to-date percentage growth in sales?

Assume you have the growth rates for each month, then you: ....

Related questions

Is there an iphone app that will calculate foreign exchange rates?

Yes, there is an iphone app that will calculate foreign exchange rates. Citi banks provides that service in an app so you can check what the rates will be at all times.


How do banks calculate term deposit rates?

Term deposit rates is the amount of money paid in interest at specific date for a specific amount of money placed in the Term Deposit. Banks calculate term deposit rates for example at 35% interest of a deposit of å£10,000 gives an added value å£35 at the end of the year.


Which banks offer the best rates on remortgages?

The banks that offer the best rates on remortgages include Yorkshire, Homesdale and Vernon. You can get more information about these banks and their remortgage rates at their respective websites.


Which online banks have the highest CD interest rates?

Which online banks have the highest CD interest rates? can help you find the best current rates.


How do I find which banks have high interest rates?

You can check online to find the interes rates for different banks. You can use a search engine or check the websites of the different banks to find ones with the highest interest rates.


Why do banks change their interest rates?

Banks in India change their interest rate depending on the rates decided by the RBI (Reserve Bank of India). The RBI decides the rates at which banks can borrow money from it as well as the rates at which money deposits need to be accepted. Based on these rates banks change their interest rates accordingly. Usually rates are changed to have an impact on the economy like for ex: to curb inflation, to infuse more liquidity into the market etc.


Which Canadian banks offer better rates for home loans?

Many Canadian banks offer competitive rates for home loans. Some of the better Canadian banks for home loan rates include CBankHomeLoans and FremontBank.


What is a life annunity?

A Bank Account


How does the central banks control the interest rates?

Central banks control interest rates by altering the repo rate. Repo rate is the rate at which banks borrow money from the central bank. So if the central bank hikes the repo rate, the banks will automatically hike their lending rates. similarly if the central bank reduces the repo rate, banks will lower their lending rates too.


How can one compare the mortgage rates of different banks online?

One can visit the website of different online banks and find the mortgage rates on each bank. Then one can compare the mortgage rates of these banks. One can also find comparisons of banks in several online lists.


Where can certificates of deposit rates be compared?

Certificates of deposit rates or CD rates can be compared by visiting the banks that provide them or at the online banks that provide them. One can then decide which rate is right for them.


How does Citibank interest rates compare to other banks?

Citibank interest rates are almost the same as the other banks. They might have a few different interest rates, depends on what kind of product, the interest would be different compare with other banks.