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The interest rate in 1975 was between 7.0 per cent and 10.0 per cent. The highest interest rate was from January and February of that year.

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What is the monthly interest rate for a annual interest rate of 6 percent?

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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.


What is the current interest rate for the US?

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What is nominal interest?

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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.