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What is a typical interest rate on payday cash loans?
The typical interest rate for a payday loan is usually between 300 and 700%. This is due to the rather extreme risk on the part of the person or business issuing the loan, and in some cases, the interest rate can go beyond 1000% APR.
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.
What is nominal interest?
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
How to convert a yearly interest rate to a monthly interest rate?
To convert a yearly interest rate to a monthly interest rate, divide the yearly rate by 12. This will give you the equivalent monthly interest rate.
If the interest is 24000 if the principle is 4000 and the term is 2 years what is the rate?
The interest is 300% per year.
What is the car payment for a Chrysler 300?
That depends on the purchase price, interest rate, and length of the loan.
What is a typical interest rate on payday cash loans?
The typical interest rate for a payday loan is usually between 300 and 700%. This is due to the rather extreme risk on the part of the person or business issuing the loan, and in some cases, the interest rate can go beyond 1000% APR.
How much interest would three hundred million make a year?
The interest earned on three hundred million dollars in a year depends on the interest rate applied. For example, at a 1% annual interest rate, it would generate $3 million, while at a 5% rate, it would yield $15 million. To calculate the exact amount, multiply the principal ($300 million) by the interest rate (expressed as a decimal).
How long must 1000 invested at an annual interest rate of 3 percent to earn 300 in a simple interest?
>I=Prt > 300=1000(0.03)t > t=10 Time duration will be 10 years.
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.
What is 7 percent of 300 dollars compounded quarterly at annual interest rate?
7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
What is nominal interest?
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
How do you calculate Interest rate if loan amount and monthly payments and loan amount is given?
17k 300 per month
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in a year?
2500
How much money should be invested at an annual rate of 12 percent in order to earn 300 interest in year?
2500
