What is a typical relationship between time and interest rate

Asked by admin @ 04/08/2021 in Economy viewed by 383 People

What is the typical relationship between time and interest rate?

Answered by admin @ 04/08/2021

The longer you take to pay back a loan, the higher the interest will be. That is because they don't want to wait for a long time, so if they have to, they're gonna get a lot back. For example, if you take a thousand dollars loan with an annual interest rate of 5 percent, that means that every year the 5% will be calculated, not just the first year you took it.
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What is the typical relationship between time and interest rate

Asked by admin @ 02/08/2021 in Economy viewed by 339 persons

What is the typical relationship between time and interest rate?

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Read the excerpt from Nathaniel Hawthorne's "The Minister's Black Veil," and then answer the question. "The sermon which he now delivered was marked by the same characteristics of style and …