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Interest Rates Resources

You find that the going rate for a home mortgage with a term of 30 years is 4.5% APR. The lending agency says that based on your income, your monthly payment can be at most $750 . How much can you...

The annual interest on a $6000 investment exceeds the interest earned on a $1000 investment by$517. The $6000 is invested at a 0.7% higher rate of interest than the $1000. What is the interest rate...

Suppose you want to have enough money in the bank 45 years from now (when you retire) so that the interest on the account would be enough to live on each year from then on. If you'll need $80,000...

Kelly wants to accumulate 1 million dollars by investing a lump sum into an IRA (Individual Retirement Account) and letting it grow for the next 45 years. After researching different IRA's...

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