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what does it mean when interest rate is expressed only as a percentage?
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What are the benefits of a low interest loan?
The biggest and most important and probably only true advantage of low interest loans is cost. This is especially true the longer and bigger the loans are. A few percentage points in interest can magnify your savings exponentially.
Which type of interest doesn't change and has only one interest amount?
simple
Which type of interest doesnt change and has only one interest amount?
simple
Which banks offer interest only mortgages?
One bank that offers interest only mortgages is Citizens Bank. A few more banks that offer interest only mortgages include Wells Fargo and HSH or Ameristar.
Can interest be charged on interest?
Interest is usually not charged on interest and is called capitalizing interest. On some occassions banks may roll interest on a note and thus charge interest on the interest, but this is not advisable and is only done in certain situations that demand that it be done.
625 as a percentage?
62500 It can only be expressed as a percentage if there is a reference to another amount. For example "What is 625 as a percentage of 1000"
What statements best describes interest?
Interest is the cost of borrowing money, typically expressed as a percentage over a set period of time. It is the fee paid by a borrower to a lender for the use of their money. Interest can be either simple (calculated only on the principal amount) or compound (calculated on the initial amount borrowed and any previously accumulated interest).
What is 5 percent as a percentage?
as a percentage it mean out of 100 it include only 5
What does reccesive trait mean?
A recessive trait is one that will only be expressed when in the presence of two recessive alleles.
What are the benefits of a low interest loan?
The biggest and most important and probably only true advantage of low interest loans is cost. This is especially true the longer and bigger the loans are. A few percentage points in interest can magnify your savings exponentially.
Are interest only calculators important?
I don't think it is. I mean, I want to understand the whole picture, not just the interest. In the long run, you are paying for more than just the interest. It's good to know how much you will be paying in interest, but it's not the only thing to know.
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.
What does recessive mean as it relates to genes?
Recessive, as in recessive genes, refers to an inherited characteristic or trait that is expressed only when two copies of the gene responsible for it are present.
What is the percentage of the interest rate of 2000 dollars?
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.
What type of interest pays interest on principal only?
simple interest
How is interest different from compound interest?
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
Do all versions of each gene always get expressed in an organism?
No, only dominant traits will be expressed.
