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Monthly Interest Rate

Monthly Interest Rate

Monthly Interest Rate

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Whenever it is wise (any contractual agreements concluded between the subjects, etc), use the monthly interest rate in relative interest calculation.

000001.gif Having entered both monthly AND annual interest rates in the table, ONLY the annual is used in relative interest rate calculation. The monthly rate is ignored. Both interest rates are used only in effective interest rate calculation (see Annual and Monthly Interest Rate).

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Calculation of principal including interest:

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