Sentences with phrase «at a given interest rate»

The Rule of 72 is an easy way to calculate how long it will take for your investment to double at a given interest rate if you don't make any further deposits.

The premiums are flexible and are designed to cover the costs of the insurance with the difference being applied to a cash value that grows at a given interest rate.

The outstanding loan balance at any given time during the term of a loan can be calculated by finding the present value of the remaining payments at the given interest rate.

Using the Rule of 72, you can quickly find the number of years required to double your money at any given interest rate.

The Rule of 72 easily helps you estimate the number of years it will take for your money to double at a given interest rate.

Tightenings and easings in monetary policy showed up largely through credit rationing — the ease or difficulty in obtaining a loan at a given interest rate.

Here is a formula you can use to calculate the amount of money you'll earn at a given interest rate over a period of time:

Credit cards are fairly standard in that you're able to purchase a product or service with loaned money at a given interest rate for a set period of time.

Everyone should be able to calculate the value of a non-contingent annuity at a given interest rate.

With a preapproval, on the other hand, you complete a full application, the lender pulls your credit report and score and puts an offer in writing to give you a loan at a given interest rate.

The Rule of 72 easily helps you estimate the number of years it will take for your money to double at a given interest rate.

At a given interest rate, each dollar you knock off the loan will save the same amount of interest.

Within all the loans at a given interest rate, I would apply extra payments to the smallest loans first for the psychological boost and decrease in minimum payment mentioned in Pete's answer, but this is clearly a personal (and relatively unimportant) decision.

This equation is essential if you are calculating how much money you'll need in the future because of inflation, or what the amount would be if you choose to invest the money at a given interest rate.

@Ali Loan constant is the payment amount for a loan of $ 1 at a given interest rate and term.