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What does 2 percent monthly interest translate to in annual interest?
Wiki User
∙ 16y ago
Multiply the monthly interest rate by the number of months is a year to calculate the annual interest rate: 2% x 12mo = 24%
Wiki User
∙ 16y ago
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What rate offers does Nationwide International have for high balance accounts?
Nationwide International offers a special interest rate for those with high balance accounts. You can choose between an annual or monthly interest rate. For accounts with a balance of more than 25,000 pounds, the annual interest rate is 1.6%, while the monthly interest rate is 1.5%.
How do you covert annual salary to semimonthly pay?
divide annual salary by 24. That will give you twice monthly pay.
Julio has a revolving credit account at an annual percentage rate of 18 percent His previous monthly balance is 362.11 Find the new balance if Julio's account showed the following activity?
$639.90
What is the formula for calculating interest coverage ratio?
operating income vefore interest and income taxes / annual interest expense
The annual interest rate of Belinda's savings account is 8.6 and simple interest is calculated quarterly What is the periodic interest rate of Belinda's account?
2.15% Apex
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
What is the effective annual rate of 8 percent interest that is compounded monthly?
0.67 percent
What is monthly interest if balance is 20500 at interest rate of 6.5 percent?
Assuming 6.5% refers to the annual interest rate, the monthly interest is 111.04 approx.
What is the monthly interest rate if the annual interest rate on a credit card is 21 percent?
1.75%
Calculate the annual interest rate on a credit card if the monthly interest is 1.2 percent?
14.4%
If Camon has a 21 percent annual interest rate what is his monthly interest rate?
1 3/4%
What if Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
If Dexter pays a monthly interest rate of 1.9 percent what is his annual percent rate?
22.8 or 22.80
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 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
Calculate the monthly interest rate on a credit card that charges 18 percent annual interest?
1.5 or 1.50
