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How can I calculate the monthly interest rate from an annual interest rate?

To calculate the monthly interest rate from an annual interest rate, divide the annual rate by 12. This will give you the monthly interest rate.


How to convert a monthly interest rate to an annual interest rate?

To convert a monthly interest rate to an annual interest rate, you can multiply the monthly rate by 12. This will give you the annual interest rate.


How can I convert an annual interest rate to a monthly interest rate?

To convert an annual interest rate to a monthly interest rate, divide the annual rate by 12. This will give you the equivalent monthly rate.


How do you convert annual interest rate to monthly?

Let i = annual rate of interest. Then i' = ((1+i )^(1/12))-1 Where i' = monthly rate of interest


What is the formula to calculate monthly interest rate if the annual interest rate is known?

Annual Interest Rate divided by 12= Monthly Interest Rate


What is the interest rate for a mortgage from the bank Indymac?

The interest rate for mortgages from IndyMac start from between 2.7% - 3.7%, depending on your yearly fixed rate. This also depends on your annual mortgage payments.


Does Lloyds TSB Banking do compound or annual interest?

Lloyds TSB Banking pays annual interest plus a bonus. It illustrates what the interest rate would be if interest was paid and compounded once each year.


What is plus mod balance in bank loan?

plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.


What is the annual rate of an investment 20000 at an annual interest rate of 7 and 12000.00 at an annual interest rate of 7.5 what was his annual income on the two investment?

Devon has a lil dick


What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?

I suspect that it will be 6.3!


What is the true annual rate of interest charged?

The true annual rate of charged interest is called the annual percentage yield. It is the interest charged and compounded against.


You deposit 200 per year in a bank account that offers an annual interest rate of 6. After five years your total earnings in interest are?

$48.76 ;)