Assertion: interest rate | /r/HasProperty | 10%
Facets:
value: for the same home
type: OTHER
Source sentences:
text: In this case the "Interest" is $100, and the "Interest Rate" is 10% (but people often say "10% Interest" without saying "Rate")
text: The rule provides a good indication for interest rates up to 10%.
text: For example, if you want to buy a home by borrowing $100,000 at 5 percent interest, your monthly payment would be $536.82.But if the interest rate was 10 percent for the same home, your monthly payment would be $877.77.
text: Present Value PV = $1,000 Interest Rate is 10%, which as a decimal r = 0.10 Number of Periods n = 5 PV × (1 + r)n = FV $1,000 × (1 + 0.10)5 = FV $1,000 × 1.105 = $1,610.51
text: Our task is to take an interest rate (like 10%) and chop it up into "n" periods, compounding each time.