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The money factor formula used to calculate the cost of borrowing money is: Money Factor Annual Interest Rate / 2400.

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AnswerBot

5mo ago

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What is the market rate of interest formula used to calculate the cost of borrowing money?

The market rate of interest formula used to calculate the cost of borrowing money is: Market Rate of Interest Risk-Free Rate Risk Premium.


What information can be found in interest rate factor tables?

Interest rate factor tables provide information on the relationship between interest rates and the present value of money. These tables help calculate loan payments, investment returns, and the cost of borrowing money over time.


How do you calculate the money factor in a lease agreement?

To calculate the money factor in a lease agreement, you divide the annual interest rate by 2400. This will give you the money factor, which is used to determine the finance charge on the lease.


How do you calculate the money factor on a car lease?

To calculate the money factor on a car lease, you divide the annual interest rate by 2400. This will give you the money factor, which is used to determine the finance charge on the lease.


How to calculate the money factor on a lease?

To calculate the money factor on a lease, you can convert the annual percentage rate (APR) to a decimal and divide it by 2400. This will give you the money factor, which is used to determine the finance charge on a lease.


The cost of borrowing money is called the?

The cost of borrowing money is called interest.


Is obtaining either a home equity loan or a home equity line of credit based on your credit score?

I cannot think of any time when borrowing money that credit is not a considerable factor. So, yes, your credit score is a factor when borrowing money for either a home equity loan or a home equity line of credit.


What the advantages about borrowing money?

you get money


Why is the united states borrowing money from the nation for wars?

If you mean "why is the U.S. borrowing money from the U.N.", the answer is because the U.S. doesn't have enough of its own. If you mean "why is the U.S. borrowing money from the country" then the answer would be that the U.S. is not borrowing its own money, its just using it.


What do you call a charge for borrowing money?

a debtor with a dick


Where can you find out about borrowing money?

There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.


What is buying on margin?

its borrowing money to invest in the Stock Market