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how to calculate weighted average effective interest rate. Multiply the amount owed by the interest and sum it. Weighted average is a type of an average that takes into account the relative importance of each value under consideration and is calculated by multiplying the respective weights in percentage terms with its corresponding value Weighted Average Formula W1X1 W2X2 WnXn Here w respective weight in percentage x value.
Effective Interest Rate Formula Calculator With Excel Template from www.educba.com
10000 x 68 680Loan. But in the loan contract will continue to be the figure of 18. For a Direct Consolidation Loan the weighted average of the interest rates of all loans will be rounded up to the nearest.
My debt has an average interest rate of 473.
For a Direct Consolidation Loan the weighted average of the interest rates of all loans will be rounded up to the nearest. The weighted average interest rate is the aggregate rate of interest paid on all debt. My debt has an average interest rate of 473. 10000 x 68 680Loan.
