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Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
Who determines the rate of interest paid on a bond?
Bonds have a predetermined rate of interest called the stated or contract rate, which is established by the board of directors.
What is the interest rate on a 5000 loan?
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
The percentage of the original loan amount that is paid in interest is called?
Rate
Which of these people repaid his loan at a variable interest rate?
Gary, who paid $37 each month for the first six months and $67 for the next six months, would have paid his loan at a variable interest rate.
Carrie could only afford to pay interest charges on her 4700 credit card balance If she paid 2350 in interest every month what was her annual interest rate?
5%
Last year Al could only afford to pay the interest charges on a 4700 balance so his balance did not change during the last year. If she paid 23.50 in interest a month what is her annual interest rate?
5%
Is the interest rate paid on savings accounts generally less than the rate paid on checking accounts?
Actually it is the other way round. The interest rate paid out on a savings account is generally more than that paid out on a checking account. Checking accounts offer very little or no interest at all in most countries whereas savings account offer a small interest rate.
Who determines the rate of interest paid on a bond?
Bonds have a predetermined rate of interest called the stated or contract rate, which is established by the board of directors.
What is the difference between the coupon rate and the interest rate?
Coupon rate is something that is paid semiannually. The interest rate is something that starts as soon as a bond is issued.
How much interest will be paid on 350 if the rate of interest is 18 percent?
63 dollars
What is the interest rate on a 5000 loan?
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
What is apr mean?
Annual Percentage Rate. Refers to the Interest rate paid on a car loan.
Does an increase of 4 percent in the interest rate result in a 4 percent increase in the total interest paid?
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!
Why does the government sometimes raises interest rates?
To rate paid for investments
The percentage of the original loan amount that is paid in interest is called?
Rate
What does quarterly mean in compounded interest?
It means that the interest is paid out every three months (quarter year). That means that the interest paid out after 3 months is earning interest for the remaining nine months. The quarterly interest rate is such that this compounding is taken into account for the "headline" annual rate. As a result, if the quarterly interest is taken out, then the total interest earned in a year will be slightly less than the quoted annual rate.
