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What is the current interest rate on a fixed rate mortgage?

The interest on a fixed rate mortgage varies between 4% to 7% depending on several factors. The most important factor is the person's credit history. Persons with excellent credit history can get a very low fixed rate, persons with average credit history will get a higher rate. At the beginning of the mortgage, fixed rates generally are higher than variable rates.


If the lease factor is given as 0.0016 what interest rate is that equivalent to?

The lease factor is typically a monthly rate used to calculate lease payments based on the vehicle's value and residual value. To convert a lease factor to an annual interest rate, you can use the formula: Interest Rate = Lease Factor × 12 × 100. Therefore, if the lease factor is 0.0016, the equivalent annual interest rate would be approximately 1.92% (0.0016 × 12 × 100).


In determining the cost of bank financing which is the important factor?

Effective rate kot. Miruto cakap.


How can one determine the money factor on a lease agreement?

To determine the money factor on a lease agreement, you can ask the leasing company or dealer for the specific rate they are using. The money factor is a decimal number that represents the interest rate on the lease. The lower the money factor, the better the deal for the lessee.


How to find the money factor on a car lease?

To find the money factor on a car lease, you can ask the leasing company or dealership for the current money factor rate. This rate is typically expressed as a small decimal number, such as 0.0025. The money factor is used to calculate the interest portion of your monthly lease payments.

Related Questions

What is the major factor that determines metabolic rate?

The major factor that determines the metabolic rate is the amount of lean body tissue. A feature of the basal metabolic rate is pregnancy increases the BMR.


Which is not a factor that influences your appetite?

basal metabolic rate


Does diet influence basal metabolic rate?

Yeah..


What is The factor that has the most influence on the body and metabolic rate?

The most influential factor on the body and metabolic rate is the amount of muscle mass an individual has. Muscle tissue burns more calories at rest compared to fat tissue, leading to a higher basal metabolic rate (BMR). Other factors, such as age, gender, genetics, and hormonal levels, also play significant roles, but muscle mass is a key determinant in overall metabolism. Regular physical activity can help increase muscle mass and, consequently, metabolic rate.


Can your body composition influence your resting metabolic rate?

Yes.


What can influence a person's metabolic rate?

Gender, age, and body shapes/sizes can affect a person's metabolic rate. ***Apex: All of the above


Will you lose weight on a 2000 calorie diet?

It depends on the persons Basal Metabolic Rate.


Which abiotic factor has the biggest effect in the metabolic rate of animals?

tempreture


Which of the following factors can influence a person's metabolic rate?

all of the above


How does metabolic rate influence plasma pH?

The metabolic rate, the rate at which one is able to digest and get the energy from food, influences plasma pH by introducing new chemicals into the body.


What can influence a change in a person's basal metabolic rate?

watching the calorie count


What is the major factor that determines basal metabolic rate?

lean tissue mass