What is a reasonable credit interest rate?

What is a reasonable credit interest rate?
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Answer :

The credit interest rate vary from 7% to 36% in the US. When you say reasonable it would be around 20%. But you need really high credit score to obtain a low interest card.
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The economic environment for this simulation game will include a. a favorable environment featuring limited growth, high inflation, and reasonable interest rates. b. a favorable environment featuring modest growth, low inflation, and reasonable interest rates. c. a highly variable environment featuring significant changes in growth, inflation, and drastic fluctuations in interest rates. d. a constant environment featuring measurable growth, constant inflation rates, and constant interest rates. e. economic downturn and other surprises.

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Last Answer : b. a favorable environment featuring modest growth, low inflation, and reasonable interest rates.

Why should credit at reasonable rates be available for all? -SST 10th

Description : Why should credit at reasonable rates be available for all? -SST 10th

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How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Description : How can there be enough money to pay for credit default insurance if the general rate of interest is too low to cover the risk of the loan?

Last Answer : It has to do with fractional reserve banking and the extensive money (whatever that is) which is created by selling debt. Debt multiplies money held in reserves. The actual worthless paper dollars ... but I imagine their debt is insured by the same companies as the bank. Companies like AIG.

Have you ever called your credit card company to lower your interest rate?

Description : Have you ever called your credit card company to lower your interest rate?

Last Answer : Consumerist has tons of articles about credit rates and limits. And I’d agree that you have nothing to lose. Give them a call, but review consumerist first.\ Edit: Well, look at that! A script to use to lower your interest rate. :) Good luck! Keep up updated.

does credit score affect a HARP interest rate

Description : does credit score affect a HARP interest rate

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What is the average interest rate on a short term loan with great credit?

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Last Answer : The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.

Are there any credit cards available with a permanent 0% interest rate?

Description : Are there any credit cards available with a permanent 0% interest rate?

Last Answer : No, there are no credit cards available with a permanent 0% interest rate. You can however get the low interest rates one at www.which4u.com.au/credit-cards/lowest-interest-rate -

What bank offers the best interest rate for a business credit card?

Description : What bank offers the best interest rate for a business credit card?

Last Answer : Bank of America offers the best interest rate for a business credit card. You can Compare Credit Card Offers at CreditCards.com

Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?

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Last Answer : It is better to pay off the open card that has the higher interest rate.

What is a good interest rate for a business credit card?

Description : What is a good interest rate for a business credit card?

Last Answer : Good interest rates for a business credit card would range anywhere from 0% to 10%. However, most credit card companies offer 0% interest rates for new customers for a few months, then ease into really low interest rates after the few months of the 0% interest rate are up.

Stine Company purchased merchandise with an invoice price of $2,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms? a. 20% b. 24% c. 36% d. 72%

Description : Stine Company purchased merchandise with an invoice price of $2,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms? a. 20% b. 24% c. 36% d. 72%

Last Answer : c. 36%

What would be a reasonable rate for in-home childcare?

Description : What would be a reasonable rate for in-home childcare?

Last Answer : ** typos. Meant to say “looking for someone”. And, what is the going rate?

What's a reasonable base salary and/or commission rate for executive recruiter assistant?

Description : What's a reasonable base salary and/or commission rate for executive recruiter assistant?

Last Answer : If you look at the postings on Monster and other sites, you can see the range. From as low as $11 an hour plus commission through $14 an hour plus commission, to $20–22 hr. without commission or benefits. It depends on the industry being recruited for and the area of the country.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated

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Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return. B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sign changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money. D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

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Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Which of the following statements is correct regarding the internal rate of return (IRR) method? A. Each project has a unique internal rate of return B. As long as you are not dealing with mutually exclusive projects, capital rationing, or unusual projects having multiple sigD. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculatedn changes in the cash-flow stream, the internal rate of return method can be used with reasonable confidence. C. The internal rate of return does not consider the time value of money.

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Last Answer : D. The internal rate of return is rarely used by firms today because of the ease at which net present value is calculated.

Credit card interest computation on minimum payments?

Description : Credit card interest computation on minimum payments?

Last Answer : Without knowing which card you’re referring to I’m guessing they use the 30/360 method. Find the APR and multiply that by the principal balance. Divide that number by 360 to come up with the daily interest charge, or the per diem. Multiply that by 30 to come up with the monthly interest charge.

Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?

Description : Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?

Last Answer : Actually, what I read and the notice I recieved from MasterCard, interest rates are going up to close to 30%. I am going to see if our local loan shark issues plastic. I think we can ... credit card interest rates, and 30% healt insurance premimums. Do you wonder why the middle class is shrinking?

"Are there any credit cards that pay interest like a savings account?

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Last Answer : You mean a debit/credit card? I have one of them.

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Last Answer : I LOVE my JetBlue American Express Card. Now, I take a vacation every year and my flight is always free.

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What interest do department store credit cards charge?

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What company has low interest on credit card payments?

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Last Answer : Here is a site that talks about interest free for 18 months credit cards www.moneysavingexpert.com Cards , Here is a site that talks about credit cards www.moneysupermarket.com/credit-cards

What is the interest like on student loans for people with bad credit?

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Last Answer : There are a number of government loans that are offered with no credit checks. In order to be eligible for these loans, you must fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA ... as well as yourself. If you are independent of your parents, the form will only apply to you.

Do banks offer interest free credit cards?

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Last Answer : Collecting interest is how a lender makes its money. While it is not in a bank's best interest to issue "interest free" credit cards, most do extend such offers for limited periods of time. For example, ... interest-free. The best way to avoid interest on a credit card is to pay it off each month.

Is there a bank that is offering a 0 interest credit card?

Description : Is there a bank that is offering a 0 interest credit card?

Last Answer : The Capital One Venture credit card, Citi Platinum Select, Capital One Cash credit card and many others have a 0% interest rate. In many cases, this is for a limited introductory period. There may also be annual fees, late payment fees and other charges involved.

What's the lowest interest credit card I can get?

Description : What's the lowest interest credit card I can get?

Last Answer : Credit Cards (http://www.creditcards.com) and Card Rating (http://www.cardrating.com) are two websites where you can compare offers from credit card companies and find the lowest interest rates currently available.

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

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The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as: A. Economic Policy B. Monetary Policy C. Fiscal Policy D. Credit Policy E. Budgetary Policy

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Last Answer : B. Monetary Policy Explanation: Monetary Policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over ... Bank of India (RBI). is so designed as to maintain the price stability in the economy.

The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Last Answer : d) Either B or C

How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public consists of clients, credit grantors, governments, employers, employees, investors, the business and financial community, and others who rely on the objectivity and integrity of professional accountants. c. The collective well-being of the community of people and institutions the professional accountant serves. d. The standards of the accountancy profession are heavily determined by the public interest

Description : How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public ... serves. d. The standards of the accountancy profession are heavily determined by the public interest

Last Answer : The collective well-being of the community of people and institutions the professional accountant serves.

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

___________ is the risk that an issuer will fail to satisfy the terms of the agreement with respect to the timely payment of interest and principal. a) Default risk b) Credit spread risk c) Volatility risk d) Downgrade risk

Description : ___________ is the risk that an issuer will fail to satisfy the terms of the agreement with respect to the timely payment of interest and principal. a) Default risk b) Credit spread risk c) Volatility risk d) Downgrade risk

Last Answer : a) Default risk