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Interest Rates
When money is loaned out, the customer pays the loan back with a fee. The fee is predetermined at a specific rate. This is called an interest rate.
500 Questions
You opened a savings account with the deposited 5000 in a six percent interest rate compounded daily what is the amount in the account after 180 days?
Asked by Wiki User
If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.
Why is the interest rate in a time value of money calculation sometimes referred to as the discount rate?
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Jed deposited 400 into a bank that offers 3.9 interest rate compounded daily In how many years will his balance be 800?
Asked by Leefrance169fb7365
Jed deposited 400 into a bank that offers 3.9 interest rate compounded daily In how many years will his balance be 800 A 17.7 B 18.5 C 12.1 D 24.1?
Asked by Wiki User
17.7
What role do you think changing economic conditions (inflation interest rates consumer spending) play in financial planning?
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What lender would most likely charge you the highest interest rate on your loan?
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finance company
Do savings account usually offer high or low interest rates?
Asked by Wiki User
A savings account should generally offer a higher level on interest than current accounts. However banks try to attract customers in many ways and this is not always true. Also banks frequently make certain products obsolete and the interest on a savings account can drop to almost nothing if you do not move your money into the newest products.
What best describes the economics effect that results when the government increases interest rate and restricts the lending if money?
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