# How To Find Rate Of Interest

Total interest is EUR 1 500 – that is difference between EUR 10 500 (your repayments) and EUR 9 000 (your loan). Interest rate of your loan is 8.122%. When you discount all repayments by this rate, the sum of them will give you exactly EUR 9 000:

To figure the weighted average interest rate, multiply the balance of each loan by the interest rate. Next, add the results together to find the total per weight loan factor. Third, divide the result by the total of all the loans. For example, say you owe $3,000 at 5 percent, $5,000 at 4 percent and $2,000 at 7 percent.

Refi Mortgage Rates 15 Year Depending on your situation, refinancing to a 15-year mortgage could either improve your financial situation or make it harder to reach your other financial goals. Here are some of the major factors to consider when determining if a 15-year mortgage is right for you.

Also, the interest rate for repayment is generally low – 4.29% in Daily’s case – when compared with the top rate of 36% you.

How to take advantage of rising interest rates by finding the best savings account If you look online, you’ll find the Federal Reserve’s rate hikes translating into something tangible: cash in your.

(a) If 5000 dollars is invested in a bank account at an interest rate of 7 percent per year, find the amount in the bank after 13 years if interest is compounded annually (b) Find the amount in the.

The bonds that companies and governments sell to borrow money pay a fixed amount of interest each year called the coupon rate. Each bond also has a face (or par) value. Bonds have a specified.

Effective Period Rate = 5% / 12months = 0.05 / 12 = 0.4167%. Effective annual interest rate calculation. The effective annual interest rate is equal to 1 plus the nominal interest rate in percent divided by the number of compounding persiods per year n, to the power of n, minus 1. Effective Rate = (1 + Nominal Rate / n) n – 1. Example

We know that simple interest is same for all the years. So we find the difference in the number of years and the amounts. The difference in number of years = 6 – 5 = 1 year. The difference in amounts = Rs. 600 – Rs. 550 = Rs. 50. Simple Interest = Rs.

Best Interest Rates For Home Loan The best home loans usually have: The lowest interest rates. A lower interest rate means lower repayments. Shaving just a few points off your interest rate can unlock enormous savings over the life of a 30-year mortgage. You can easily sort loans by lowest rate in the table above.

Calculate the percentage of simple interest for a single month. This is the rate that is used to figure most loan payment interest and earnings on many CDs. Do this by dividing the annual rate by 12. For example, if a CD pays 4.80 percent annual interests, the monthly simple interest rate is 4.80 percent divided by 12, or 0.40 percent.