8.5
Annual interest divided by the current market price
rose by 1 percent
An effective annual interest rate considers compounding. When the principle is compounded multiple times each year the interest rate increased to be more than the stated interest rate. The increased interest rate is the effective annual interest rate.
Ok, this is my own question. This is what I came up with. can anyone confirm or correct?Maturity r = RR + IP1-YEAR 2.25% = 1.5% + X2.25% - 1.5% = .75%
2.5 percent annually
2.25
62
75
2.25
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
1.5% monthly
17% of 20,000 = 3,4007.5% of 1,200 = 903,400 + 90 = $3,490
0.67 percent
Annual interest divided by the current market price
200
The 5% interest rate of 1194 is 59.7
The annual (or annualised) interest rate.