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APR is the most useful measure of interest rate.
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What of these describes annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate A+
An interest rate on a consumer loan of 1.5 is most apt to be a?
monthly interest rate
What is the rate of Risk-Free interest?
Risk-free interest is the rate of interest which exists when the expected risk of the economic transaction is zero. In most cases, the general interest rates in major banks of a country reflects the nominal interest rate, which is risk free. The real interest rate is simply the nominal interest rate minus the rate of inflation.
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
Are the LIBOR rate charts useful in predicting interest rate fluctuations?
The LIBOR rate charts provide a daily interbank interest rate that banks base their internal rates on. Basically this LIBOR chart is used as a wholesale rate that the London bank charges to other retail banks.
What is the definition of the term interest rate derivatives?
A derivative has as a security the ability to pay or receive an amount at a given interest rate. Interest rate derivatives are the most popular and include rate swaps and forex swaps.
Are most deposits fixed rate or variable rate?
Deposits offer only a fixed rate of interest. Though this rate of interest gets changed once in a while, a deposit which was opened before this interest rate change does not get altered. It will continue to earn the same rate of interest as was promised when the deposit was opened.
What interest rate does Pounds till Payday charge?
Most of the cash until your payday companies have a lower interest rate if you pay when you say you will. It's usually 3 or 4 percent 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.
Where can I find an article on target heart rate?
This link will give you the information you are looking for: http://www.bodyspex.com It includes a lot of useful information including how to measure your heart rate. There is also a table of recommended maximum heart rates for different ages. useful information including how to measure your heart rate and a table of/Community.aspx?ArticleID=19
What is the interest earned on 30040.00 held in escrow?
The interest earned will depend on the interest rate as well as the time period. You have chosen not to share either items of information which makes it impossible to give a more useful answer.
What is the use of the mortgage calculator?
A mortgage calculator will help one understand the amount one will have to repay given a set of interest rate and mortgage duration assumptions. It will also be useful in understanding the impact on repayments if the interest rate were to rise.
