what is the difference between lending rate and borrowing rate?
613669
The lending rate is made up of the: Discount Rate, or the Federal Funds Rate.  These are the interest rates set by the Federal Reserve that banks have to pay when they need to borrow money when they run out of excess reserves [the money that they are required to hold in case people want to make large withdrawls].\n\nThe lending rate is determained by market supply and demand.  In other words the interest rate charged on loans to the public is determained by how many banks are willing to offer loans and how many people want to take out loans.
40974
It is based on the median credit score of the person with the lowest score. So in your example, if you both apply for a loan, the interest rate will be based off of your husband's median credit score (there are three scores -- they will use the middle one).
708655
That depends on the loan type.\n\nFederal student loans -\n\nStafford loans: 6.8%\nPLUS loans: 8.5%\nPerkins loans: 5%\n\nPrivate student loans often are an index plus a margin, meaning that there's a base rate like LIBOR or the Prime Rate, plus a variable amount on top that is credit-based.
924619
I=PRT is interest = principal x rate x time. Did your teacher tell you how long the loan would be for? That would be your time. She has given you the interest and the rate (which you could write as .06). If you have the time, you can figure out P, which is the amount of the loan. I hope that helps somewhat!
253596
its around 4-5%. i have a student loan and my interest rate is 4.6%
246324
The simplest way is to multily by 12.  While that doesn't give the exact rate, it is generally close enough.  For deposits, (savings accounts or money markets) rates are usually expressed in APY (annual percentage yield).  So a money market paying 6% APY would have a 0.5% monthly yield, if interest is compounded monthly.\n\nFor loans, most lenders calculate interest by assuming that each month has 30 days and each year has 360 days.  That makes each month have the same interest.  To get the actual annual rate, you would divide the monthly rate by the number of days in the month (31 for march) and multiply by the number of days in the year (365).  But the result is so close that it's usually good enough to just multiply by 12.
572749
The lowest rate on the market may not be the lowest rate available to you as what lenders will offer you depends on your personal circumstances. The lowest rate today may not be the one you get as interest rates are subject to change - go visit a couple of different brokers and get some illustrations of what is available to you based on your circumstances.
612939
If the first loan is $100,000 at 10%, and the second loan is $20,000 at 15%, then the blended rate is:\n\n(100,000*10% + 20,000*15%)/(100,000 + 20,000).
135427
for any number of periods, month, day week, whatever all you do is multiply 1+rate times itself that many times. The standard for comparison is 1 year.\n\nSo you normally wouldn't want the two month rate, you would wnat the 1 year rate. So you take 1+.01 times 1+.01... twelve times. Or 1.01^12 (1.01 raised to the twelveth power). Then subtract back out the 1 to get the rate.\n\n12.68%\n\nThis gives you what it called APR (actual percentage rate) it is required for all lenders and those offering savings account to show their rate in this form so the consumer isn't fooled.\n\n1.01^2 = 1.0201, so it is indeed 2.01% as the other guy said.
208393
What is the interest rate?  and what is the principal amount?
913463
12%\n\nThe rate paid on the loan is 12% (assuming simple interest rather than compounding). The compensating balance is just cash kept as a deposit, which the company gets back.  This doesn't affect the interest on the loan - just opportunity cost.
186140
The prime rate is the rate on corporate loans posted by at least 75% of the the nation's 30 largest banks. Current interest rates could have a lot of meanings:\nThe Fed Funds rate is set by the Federal Reserve and is the overnight rate banks charge each other to borrow.\nMost interest rates a determined by the market (treasuries, mortgages, and corporate debt). Higher risk investments usually have higher yields and the length of the investment (time to maturity) also affects the interest rate.
1112463
It TOTALLY depends on the amount of time the loan is taken out for.  If it is just a line of credit (revolving), depends how much the business makes.  If you take out a "5" year loan, at 8.25% interest, well then, it will take you 5 years to pay, and your interest over time would be $11,188.75.  If you have Microsoft Excel, go in there and search for "loan amortization".  They have a designed schedule that let's you put in the loan amount, interest, time, etc.
1069275
l. A repo rate is the interest rate you lock in when you borrow money by selling a bond while agreeing to repurchase the same bond at a later date at a specified price. \n\n2.The opposite is called a reverse repo. The repo rate should be slightly below the interest rate implied from interest rate futures because it is collateralized.\n\n3.Monthly reports on changes in the prices paid by urban consumers for a representative basket of goods and services.\n\nThis is devise the government uses to determine where the ecomony stands in relation to the items chosen to be reported.
113867
The difference is a loan is a lump sum loan from the equity in your house.  The equity line is a line of credit based on the equity in the house.  You can draw money from the line of credit anytime you want and when you make payments, you can use that money over again.
1132383
Even "high interest" savings or Money market accounts pay less than the interest rate a bank charges for a loan. That's how banks make money. They take in money and pay a low interest rate, and then they lend money out at a higher interest.
942252
Capital = Initial capital * (1+r)^n, \nwhere \nr = interest rate  per period\nn is number of periods