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To determine the annual percentage rate (APR) of a loan or credit card without knowing the interest rate, you can look at the total cost of borrowing over a year, including fees and other charges. By dividing this total cost by the amount borrowed, you can calculate the APR.

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9mo ago

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How much interest is added on to a mortgage loan?

There is no one way to determine how much interest will be added to a mortgage loan without knowing the specifics of the loan. The amount of interest could be as low as 2.7% or 5% or more. The bank, type of mortgage and credit history can all play a part in the interest rate.


What percentage of Sonja and payments have gone to paying interest?

To determine the percentage of Sonja's payments that have gone to paying interest, you would need to divide the total amount paid in interest by the total payments made, then multiply by 100. For example, if Sonja paid $1,000 in interest out of $5,000 in total payments, the calculation would be ($1,000 / $5,000) × 100, resulting in 20%. Without specific figures, it's impossible to provide an exact percentage.


What are the average interest rates on a bank loan?

It is hard to answer without knowing the type of loan and the loanees personal credit history. For personal loans the average interest rate is from 5 to 9%.


What would the monthly payment be on a 203k loan?

This question cannot be answered without knowing the term of the loan and the interest rate, as well as any special terms such as an interest only period or balloon payment. To find out the monthly payment amount, gather this information and use a loan calculator widely available online to determine the exact monthly payment, or simply ask your loan officer.


What is the difference between APY and interest rate when it comes to a CD?

The APY (Annual Percentage Yield) includes compound interest, while the interest rate does not. This means that the APY reflects the total amount of interest earned over a year, taking into account compounding, while the interest rate only shows the flat rate of interest earned without compounding.

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How much interest is added on to a mortgage loan?

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