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What is the monthly interest rate on 18 percent annual rate?
1.5% monthly
How do you calculate monthly interest rate on an annual interest rate?
If not compounded monthly, a monthly interest rate is simply 1/12 of the annual rate. Things do get complicated, though if the interest is compounded monthly. An annual interest rate of R% is equivalent to a monthly rate of 100*[(1 + R/100)^(1/12) - 1] %
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
What is the monthly interest rate if the annual interest rate is 18 percent?
1.5% monthly
Converting semi monthly to hourly rate?
Take the semi-monthly rate and multiply by 12 to get the annual rate. Then take the annual rate and divide by 2080. To veryify your answer, take the hourly rate you just calculated and multiply by 86.67 and see how close you come back to the semi-monthly rate. Or, you can take the semi-monthly rate and divide by 86.67 (average hours in semi-monthly pay period) to get an hourly rate.
What is the formula to calculate monthly interest rate if the annual interest rate is known?
Annual Interest Rate divided by 12= Monthly Interest Rate
What are the best discounts for cable TV?
You should switch to satellite. It is usually cheaper than cable even after the introductory rate. I would see what satellite companies are available in your area.
How do you determine the rate for one month for compounded interest?
On monthly compounding, the monthly rate is one twelfth of the annual rate. Example if it is 6% annual, compounded monthly, that is 0.5% per month.
What is the best monthly plan for Virgin Mobile?
The best is probably the monthly rate, I have used only ATT in the past and was told that they were the higher of all telephone providers. I should check them out soon to find out more information.
Interest on maturity is better or monthly interest?
If you need a monthly income then obviously a monthly income is better. If the monthly interest is not withdrawn then it makes no difference because the annual interest rate is usually equal to the compounded monthly rate.
Which is the best variable or fixed personal loans?
Fixed rate loans are ideal if you want the security of knowing that your interest rate, and therefore your monthly repayments, will remain the same for the life of the loan.
What is the best rate from Sprint's website?
Sprint offers a great deal of products on their website, so it is difficult to know what this question is referring to. However, the best monthly rate for a cell phone with unlimited talk, data, and messaging is $109.99.
