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The interest rate depends more on the lender, the perceived risk of the borrower defaulting and the economic expectations concerning inflation. The amount of the loan will have only a small impact - through the default risk.
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How much money does 1000000 dollars gain in interest per year?
it depends on the percentage rate.
Interest of 20 million dollars a year?
Interest on $20 millions depends on the percentage. If the interest rate is 5 percent, the return for the year $1 million.
What is the APR on money market funds and CDs?
The APR or Annual Percentage Rate of a bank CD is how much you actually get at the end of the year, due to compound interest. To keep it simple, let's say you buy a hundred dollar CD and the percentage rate you are promised is ten percent. You expect to get your hundred dollars plus an extra ten dollars at the end of the year. Due to the magic of compound interest, you get more. Suppose the bank compounds the interest every week. (Many banks compound daily!) The first week you get a week's worth of interest on your hundred dollars. The second week you get a week's worth of interest on your hundred plus interest on the previous week's interest. The third week you get interest on your hundred and on the first week's interest and on the second week's interest. And on and on. So the only number you care about is not the Interest Rate, but the Annual Percentage Rate, because that is what you will actually receive at the end of the year. If the Percentage Rate is 4.21% and the APR is 4.30% you will get $4.30 interest on each $100 in your bank CD. None of this applies to Money Market Funds. Their percentage rates can change from day to day.
How much is interest on one million dollars?
as of today, the interest rate in the United States( with the currency 1 million dollars) is 0.25% Therefore, after one month, the one million dollar will have an interest of: $2500 ((1000000/100)*0.25)
Whats the interest on 1800 dollars?
The interest on 1800 dollars depends on the rate being used.
Seven dollars is what percentage of one hundred dollars A 100 check that is cashed at a rate of 7 at what rate did you cash itIn percentage?
7%
How much interest rate daily of fifty million dollars?
That depends on the interest rate; this has been varying widely in recent years. Multiply the capital (the 50 million dollars) by the yearly interest rate; divide the result by 365 to get the daily interest.
A higher interest rate is usually the trade-off for what?
Annual Percentage Rate
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
Interest earned on a billion dollars?
You can earn a lost of interest on a billion dollars. The amount of interest you will earn will depend upon your rate of interest and how long you leave it in the bank.
What is an interest rate?
The interest rate is the cost of borrowing money, expressed as a percentage, usually over a period of one year.
How much interest daily 1 million dollar?
The answer will depend on the interest rate. Multiply the annual interest rate (in percentage terms), by 10000/365
