I don't know nor do I care
The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.
$1.25
The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-
It depends from your point of view. if you are the company borrowing, it is better to have a low interest rate, because it means you are paying less money when you have to pay back your annual debt. If you say had an interest rate of 6%, you would be paying 6% of the actual amount every time you pay the debt. Example: You have borrowed $10,000 say if you are paying it off monthly and your interest rate is 5% you would be paying $500 extra.
GMAC Bank has the highest CD interest rate at 2.80%. GMAC Bank also has the highest rate on 12/3 at 3.75percent with a minimum of 500 deposited for a 6 month CD.
The Discover Student More card offers and introductory 0 percent interest rate for up to 6 months. After that, the interest rate is variable at 13 percent on up to 20 percent for purchases.
Interest earned is computed by taking the principal amount and multiplying it by the rate and time and divided by the time taken. The interest in this case is 30.
What is the present value of 500 to be recieved 10 yrs from today if it is discount at the rate of 6 percent?
daily interest 6/365 = 0.01643 N=3 pv= -500 pmt = -1000 I= 0.01643 fv= ? fv= $3500
11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.
8333
6 dollars.
42
1168.21
$60 of your loan
22. The spot Yen/US$ exchange rate is Yen119.795/US$ and the one year forward rate is Yen114.571/US$. If the annual interest rate on dollar CDs is 6%, what would you expect the annual interest rate to be on Yen CDs?
3000