Interest Rates Per Year
Contents Maximum term: 10 year Deposit offer higher interest rates Outstanding balance varies Mortgage rate forecast Say you’re trying to figure out your monthly interest rate on a loan after one year. If you put "1" in for T, as in "one year," your final interest rate will be the interest rate per year. If you want monthly, you need to use the correct amount of time elapsed. In this case, you’d aim for 12 months. It will also help you calculate how much interest you’ll pay over the life…
Read More