SOLUTION: I am trying to figure out interest rate per month. My annual interest rate is 5.75% but I can't figure out how to change that into it's interest rate per month instead of annual.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: I am trying to figure out interest rate per month. My annual interest rate is 5.75% but I can't figure out how to change that into it's interest rate per month instead of annual.
Log On
Question 595297: I am trying to figure out interest rate per month. My annual interest rate is 5.75% but I can't figure out how to change that into it's interest rate per month instead of annual. Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! I am trying to figure out interest rate per month. My annual interest rate is 5.75% but I can't figure out how to change that into it's interest rate per month instead of annual.
-------------
5.75/12 =~ 0.479167% per month
