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How can I calculate the daily interest rate for a financial investment?
To calculate the daily interest rate for a financial investment, divide the annual interest rate by 365 (the number of days in a year). This will give you the daily interest rate.
What is the monthly finance charge if the average daily balance is 15 the daily periodic rate is 0.06 and the number of days in the cycle is 30?
To calculate the monthly finance charge, you can use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, the average daily balance is $15, the daily periodic rate is 0.06 (which is 0.0006 when expressed as a decimal), and the number of days is 30. So, the finance charge would be: Finance Charge = $15 × 0.0006 × 30 = $0.27. Thus, the monthly finance charge is $0.27.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What is the monthly finance charge if the average daily balance is 30 the daily periodic rate is 0.07 and the number of days in the cycle is 30?
To calculate the monthly finance charge, use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, it would be: Finance Charge = 30 × 0.07 × 30. This equals a finance charge of 63. Therefore, the monthly finance charge is $63.
Assuming a 30-day period in November calculate November's interest using the average daily balance method?
Use this simple formula: I=Average daily balance times the interest rate, divided by 366 times 30 days in November.
What do do when an application ask for your last pay rate but you didn't have a pay rate you got paid for the whole summer?
figure out how many days you worked and how much money you got then divide the amount of money by how many days, this will give you your daily pay rate.
How can I calculate the daily interest rate for a financial investment?
To calculate the daily interest rate for a financial investment, divide the annual interest rate by 365 (the number of days in a year). This will give you the daily interest rate.
How do you calculate the daily periodic rate?
To calculate the daily periodic rate, divide the annual interest rate by the number of days in the year. For example, if the annual interest rate is 6%, you would convert it to a decimal (0.06) and then divide by 365 (or 360, depending on the context). This gives you a daily periodic rate of approximately 0.0001644 (or 0.0001667 if using 360 days). This rate can then be used for daily compounding or other calculations.
What is the daily interst on the annual rate of 17.7 percent?
If the interest is compounded on a daily basis, for 365 days, the equivalent rate is 0.04466 per cent.
How many days will 414 ounces of food last?
The number of days 414 ounces of food will last depends on the daily consumption rate of the person consuming it. For example, if a person consumes 14 ounces of food per day, then 414 ounces will last for 29 days.
What is the daily interest rate if the annual interest rate is 16.75 percent based on 365 days in the year?
If the interest rate yearly is 16.75% then the daily interest rate will be 16.75%. The daily, weekly, monthly, or hourly rate doesn't change from one time frame to the next.
Salary wage paid once a month method of calculation used to get a daily rate of pay?
To determine the daily rate, divide the monthly wages by the number of days you work. Divide the daily rate by the number of hours you work per day to determine the hourly rate.
What is the monthly finance charge if the average daily balance is 15 the daily periodic rate is 0.06 and the number of days in the cycle is 30?
To calculate the monthly finance charge, you can use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, the average daily balance is $15, the daily periodic rate is 0.06 (which is 0.0006 when expressed as a decimal), and the number of days is 30. So, the finance charge would be: Finance Charge = $15 × 0.0006 × 30 = $0.27. Thus, the monthly finance charge is $0.27.
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
What Calculate the monthly finance charge if the average daily balance is 20 the daily periodic rate is 0.05 and the number of days in the cycle is 30.?
To calculate the monthly finance charge, use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in the Cycle. Plugging in the values, we get: Finance Charge = 20 × 0.0005 × 30 = 0.30. Therefore, the monthly finance charge is $0.30.
What is the monthly finance charge if the average daily balance is 30 the daily periodic rate is 0.07 and the number of days in the cycle is 30?
To calculate the monthly finance charge, use the formula: Finance Charge = Average Daily Balance × Daily Periodic Rate × Number of Days in Cycle. Here, it would be: Finance Charge = 30 × 0.07 × 30. This equals a finance charge of 63. Therefore, the monthly finance charge is $63.
On a 5000 annuity compounded daily what would be the annual percentage rate?
Depends on the daily percentage rate.
