Question:

How to figure out an intrest rate?

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How to figure out an intrest rate?

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  1. The bank or building society should have the interest rates for their particular accounts as they all have different rates"!  


  2. In the U.S.  interest rates are generally disclosed as a yearly rate.  APR is the interest at an annual percentage.  Take that number and divide by 12 to find monthly.  

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