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What is difference between the annual percentage rate and the quoted rate?
Wiki User
∙ 16y ago
The quoted reate is based on continuos compound interest. exp If quoted rate is 6%, then the annual rare is ....e^(0.06) = 1.06183 - 1 = = 6.183%
Wiki User
∙ 16y ago
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What is the difference between listed and quoted investments?
A listed investment is a closed-end investment, while a quoted investment has visible market valuation. In a listed investment the manager does not have to worry about funds being withdrawn.
What is AER in banking?
Annual Equivalent Rate. This tells you how much you would have to pay in interest on a loan over the period of a year when you are quoted a rate per month, or how much interest you would be paid per year on an account which quoted a monthly rate.
Is APR the same as a interest rates?
Not quite. It's a figure used to express an, usually monthly, interest rate as an annual figure. APR stands for Annual Percentage Rate (of interest). It tells you exactly what interest rate will be used to add to your savings each year, despite other figures which may be quoted in adverts, whether in the press, on the TV or Radio, or in leaflets from the building society or bank. The government watchdog insists on this so that you know more exactly what you owe or what you have to pay.
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The Answer is "The amount of interest charged on unpaid balances" On Apex
How much does 2.5 billion dollars receive on 2.5 interest rate?
Over what period of time? It obviously depends on how long the money is earning interest, whether the interest rate is the annual interest rate, and whether it is compounded at intermediate periods during the year. For the purposes of this question it is probably reasonable to assume you are interested in how much interest it earns over a period of 1 year without compounding.$2,500,000,000 ($2.5 Billion), at the ANNUAL rate of 2.5%, for the period of one year, equals an amount of $62,500,000The formula for interest isInterest = Principal x Rate x TimeIf you are investing for under a year your time needs to be expressed as a decimal or a fraction. If the APR (annual percentage rate) is 2.5% then the effective Monthly percentage rate would be 2.5%/12 = 0.208333% or 5/24 %. At that rate you would earn about $5,208,333 in one month. If the APR is 2.5% and is compounded monthly, the formula would beInterest = Principal x ((1 + APR/12)n-1) = Principal x ((1.00208)n-1)where "n" is the number of months the principal is left to earn interest.By that formula the interest would be1 month $5. 208,3332 months $10,427,5173 months $15,657,5754 months $20,898,5285 months $26,150,4006 months $31,413,2137 months $36,686,9918 months $41,971,7559 months $47,267,53010 months $52,574,33711 months $57,892,20012 months $63,221,142 (1 year)The difference between the 1 year interest this way and the original $62,500,000 quoted earlier is the effect of compounding it monthly.
What is the difference between listed and quoted investments?
A listed investment is a closed-end investment, while a quoted investment has visible market valuation. In a listed investment the manager does not have to worry about funds being withdrawn.
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== ==
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