What is the annual payment on a 5-year loan of $30,000 if the interest rate is 12%? How much is the payment on a $100,000 loan given an interest rate of 12%, and 60 monthly payments? What is the monthly payment on a loan of $15,000 for five year...
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis and expressed as anannual percentage rate(APR).1 An interest rate can also apply to a savings account or...
adeduction of at least $8000 available (interest, rates, insurance and repairs less rental income).[translate] ato receive a capital gain from the capital appreciation of the property. Interest rates are volatile[translate] a(b) What is the current interest rate on this loan?[translate]...
Suppose the fixed interest rate on a loan is 5.90% and the rate of inflation is expected to be...Question:Suppose the fixed interest rate on a loan is 5.90% and the rate of inflation is expected to be 4.25%. What is the real ...
Answer (C) is correct . The bank requires a compensating balance of 5% ($5 million ÷ $100 million). The firm’s effective rate on this loan can be calculated as follows: Effective rate?= Stated rate ÷ (1.0 – compensating balance %) ?= 8% ÷ (100% – 5%) ?= 8% ÷ 95% ?
11 % Compound Interest Per annum 12 % Simple Interest Per annum Answer:B) 6 % Simple Interest Per annum Explanation: The accepted rate of interest on a partner's loan account in the absence of a partnership deed in a partnership firm is 6 % Simple Interest Per Annum. ...
The annual percentage rate (APR) is the interest rate which is expressed on an yearly basis. The APR is determined by multiplying the interest rate per period by the number of periods in a year.Answer and Explanation: Recall that the annual percentage rate can be calculate...
Deis, Karen
The length of the loan has varying effects on interest rate and APR. Interest rate, provided it is fixed, doesn’t change. It remains the same whether the loan is for 20 or 40 years. APR does change. It’s easier to hide the fees in longer loans so that the APR doesn’t seem tha...
An interest rate floor is an agreed-upon rate in the lower range of rates associated with a floating rate loan product. Interest rate floors are utilized in derivative contracts and loan agreements. This is in contrast to an interest rate ceiling (or cap). Interest rate floors are often us...