The interest rate for a 7-month CD varies depending on the bank and current market conditions. It is typically higher than a regular savings account but lower than longer-term CDs. You can check with your bank or financial institution for the specific rate they offer for a 7-month CD.
No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.
7
i have to know the money and time
No. A CD issued with a specified rate stands and the bank is liable to pay that interest, irrespective of whether the prevailing market interest rates are higher or lower. Remember it is a fixed rate, assuming the bank issued a CD to you at 7%, even if the market rates are only 6% the bank would give you 7%, similarly even if the market rates are 9% the bank would give you only 7%.
The rate depends on how long you want the CD to last. A 30-day CD is at 0.25% annual percentage yield (APY) and a 7-year CD is at 2.96% APY.
It would entirely depend on the type of deposit you make. For a regular CD or Fixed deposit interest rate is around 4% and taking 4% into account you will get 5384 pounds per week. You can calculate this using: Interest per year = p * n * r / 100 P - amount you deposit N - number of years R - rate of interest Interest per week = interest per year / 52
The quarterly interest rate with monthly compounding for an annual percentage rate of 7 is approximately 1.75.
5.83$ === Solution Method: 1. "ordinary interest" = "simple interest" <-- which is the correct financial term to use. 2. 7% APR interest can be expressed in any increment that you wish, by dividing it by a specific period of time (e.g.: annually rate = .07/1, monthly rate = .07/12, weekly rate = .07/(365/7), daily rate = .07/365 3. In your case, you want to compute the interest for 2 month as follows: (.07/12) * 2 * 500$ = 5.83$ <-- this is the simple interest owed
7
$724.50
i have to know the money and time
Devon has a lil dick
The interest rate on a VA small business loan is set on the basis of the prime interest rate. For a loan of $25,000 or less 7 years or less Prime + 4.25%, and for $50,000 or more 7 years or more Prime + 2.75%
It depends on the payments made to the loan in those 2 months, but if we assume NO payments were made, and interest is calculated once per month, the total interest due would be $14.62 Calculation: * $1,250 x .07 = $87.50 -- (that's the interest per YEAR) * $87.50 / 12 = $7.29 -- (that's the interest per MONTH) * $7.29 + $1,250 = $1,257.29 -- (that's the new balance after one month) Do the same thing for month 2 and you will get a new balance of $1,264.62. Subtract the original loan and you get: $14.62
32500 is 325 "hundreds" so 7 times that ie 2275 is your annual interest.