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How to convert a yearly interest rate to a monthly interest rate?

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


What is the current yearly interest rate for a month for the rate of 0.6?

The current yearly rate comes out to be 7.2 percent.


What is the yearly interest on 4000000.00?

To calculate the yearly interest on $4,000,000.00, you need to know the interest rate. For example, at a 5% annual interest rate, the yearly interest would be $200,000.00. If you have a different interest rate in mind, simply multiply $4,000,000.00 by that rate (expressed as a decimal) to find the yearly interest.


What is the pay rate for experieced welder in NJ?

What is the yearly wage of a welder? What is the yearly wage of a welder? What is the yearly wage of a welder?


does wallstreet journal charge a prime rate?

The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.


What is yearly rate of inerest on a charge card?

Annual Percentage Rate (APR)


Does Wall street Journal charge a prime rate?

The Wall Street Journal does not charge a prime rate. The rate is the same whether you pay monthly or yearly. The yearly rate is $119 or you can break it into 12 payments of $9.92.


What of these describes annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate A+


What is the iterest rate of provident fund amount?

It is 8.5% compounded yearly


How many is murdered yearly in Norway?

The average death rate between 2010 to 2012 was 9.24. Death rate is determined by the yearly mean number of deaths per 1,000 people. Norways death rate is low in comparison to other countries.


What describes a annual percentage rate?

A measure of the cost of credit expressed as a yearly interest rate.


What is the correct yearly interest rate for a monthly rate of 1.5 percent?

It is [1 - (1.015)^12]*100 % = 19.56 %