Your going to fail the test.
APR is based on how much the Merchant charges you. Every merchant has a different APR rating system
The current apr rate for a fixed 30 year mortgage is 4.691 percent. Some lenders such as quicken loans are offering a slightly lower 4.5 percent rate.
14.8 percent, compounded daily, is approx 7.565 sextillion for a year (8.684 sextillion for a leap year).
One can get a zero percent apr credit card by going to the Credit Cards website. The website offers a number of credit cards deals including ones that have zero percent apr.
If it is 10.24% (per month), then the APR is 222%, but if it's 10.24% compounded monthly, then APR is 10.7345%
The APR is the amount extra that will have to be paid if there is an outstanding balance on a credit card.If the outstanding balance for a year is 100, the extra that would have to be paid is:13 % APR13/100 x 100 = 13 18 % APR18/100 x 100 = 18 As a consumer, the 13 extra to pay given by the 13 % APR is obviously better.As a credit card company, the 18 extra to be paid by the 18 % APR is obviously better.
The APR for the United Mileage Plus Visa card is 15.24 percent. However, it should be noted that this card has a 19.24 percent overdraft and cash-advance APR.
400 percent APR
The average loans APR for mortgages will depend on which country one is in and how long the mortgage is. In the United States the average is 5.016 APR for a 30 year mortgage and 3.122 APR for a 15 year mortgage.
No, it is great!
There are a number of different credit card companies that offer 0 percent APR credit cards. Some of the companies that offer 0 percent APR are Capital One and Discover.
This depends on the amount you are investing and how long of a CD it is. The lowest APR you will get is 0.25 percent. The highest you will get is 3.00 percent, which is with a 4 year contract and a $10,000 investment.
This would be a gain of 3300 assuming it is savings and 3% is APR. The second year would be higher, assuming compound as opposed to simple interest
To convert % to decimals you move the decimal over 2 places to the left. amount of apr x amount of money = yearly apr Therefore: .0387 x $84,000 x 30 = $ 97,524 .0587 x $84,000 x 30 = $ 147,924
The maximum APR is 5 percent unless agreed upon in writing. This does not count loans for real property, business, or farming. If a judgment is received, the interest is set at 10 percent.
quarterly in a year means 4. Therefore, 14/4 = 3.5. So it will increase by 3.5%
It depends on the rate of interest. Right now (early 2014), a fairly typical rate of interest on a 5 year CD would be around 2% APR. At that interest rate you'd need to invest almost $4000 in order to have $5000 in twelve years. If by "make $5000" you meant "have $5000 more than I had to start with" rather than "have $5000 total", you'd need to invest $18640 today for your interest over twelve years to amount to $5000.
"APR" means "Annual Percentage Rate". When money is borrowed and not paid backimmediately, that's the piece that gets added on to it each year, as the price for theconvenience of not paying it back yet.If you're the borrower and you have someone else'smoney, then you want thelowest possible APR. That's on a credit card, a car loan, a home mortgage, etc.If you're the lender and somebody else has yourmoney, then you want the highestpossible APR. That's on a bank savings account, an investment, a CD, etc.
APR for an instant cash advance is annual percentage rate also called nominal APR which describes describe the interest rate for a whole year in terms of 12 months a year
APR stands for annual percentage rate. That being the case, it does not matter whether the interest is compounded every day or every millisecond. The effect, at the end of a year is interest equal to 2.25 percent. So, 2000 at 2.25 percent compounded, for 4 years = 2000*(1.0225)4 = 2000*1.093083 = 2186.17
For October 26, 2011 the national averages are 30 year fixed 3.75% APR 3.858%, 5 year ARM 2.37% APR 3.135%, 15 year fixed 3.00% APR 3.385% or 7 year ARM 2.625% APR 3.202%. Sure it is worthwhile if you are able to make payments and time you can invest in property it is more than worth it.