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What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How can I calculate the monthly interest rate on a loan or investment?
To calculate the monthly interest rate on a loan or investment, divide the annual interest rate by 12. This will give you the monthly interest rate that is applied to the loan or investment.
How much interest is paid in the first month of a loan of 5000 borrowed for 5 years at 12 percent per year interest?
To calculate the interest paid in the first month of a loan of $5,000 at an annual interest rate of 12%, you first determine the monthly interest rate by dividing the annual rate by 12, which gives 1% per month (12% / 12). Then, multiply the loan amount by the monthly interest rate: $5,000 x 0.01 = $50. Therefore, the interest paid in the first month is $50.
What are the average loan interest rates for a small business?
There are many variables that factor into the interest rate of a loan. For instance, the interest rate on a loan below $100,000 is actually higher than that on a loan over $100,000. Expect an interest rate between 7-9%.
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two year period?
$432
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of a two-year period?
It is 832 units of currency.
What is the amount of interest that is paid on a loan when the principal is 5000 the interest rate is 7 percent per year and the time is 2 years?
Simple interest I=Prt = (5000)(0.07)(2) = $700.Compound interest: A=P(1+r)t = 5000(1.07)2 = 5000(1.1449) = $5,724.50;I=A-P = 5,724.50 - 5000 = $724.50
What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
What is the total compound interest of a loan for 5000 with an annual rate of 8 percent at the end of a two-year period?
It is 5000*[(1+8/100)2 - 1] = 5000*[1.1664 - 1] = 5000*0.1664 = 832
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How can I calculate the monthly interest rate on a loan or investment?
To calculate the monthly interest rate on a loan or investment, divide the annual interest rate by 12. This will give you the monthly interest rate that is applied to the loan or investment.
How much interest is paid in the first month of a loan of 5000 borrowed for 5 years at 12 percent per year interest?
To calculate the interest paid in the first month of a loan of $5,000 at an annual interest rate of 12%, you first determine the monthly interest rate by dividing the annual rate by 12, which gives 1% per month (12% / 12). Then, multiply the loan amount by the monthly interest rate: $5,000 x 0.01 = $50. Therefore, the interest paid in the first month is $50.
What is the average interest rate on a motorcycle loan?
The average interest rate on a motorcycle loan is 100000
Calculate the amount of interest that is paid on a loan when the principal is 5.000 the interest rate is 7 percent and the time is 2 years?
50 x 7 x 2 ie 700 Simple Interest; 5000 x (1.07)2 - 5000 ie 724.50 Compound Interest
