Calculating Actual Yearly Interest Rate
8:12
YouTubePenn Foster High School
Calculating Actual Yearly Interest Rate
This video uses one of the older Federal Reserve formulas to calculate annual interest rates. This video explains the structure of the formula and goes over two examples, one with monthly and the other with weekly payments. Grab paper and a writing utensil to take notes or work along.
16.4K viewsAug 31, 2021
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