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Dgc Bc Rate Sheet  Form

Dgc Bc Rate Sheet Form

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Instructions and help about dgc rates

hi everybody my name is Dean Lamont I am the author of Google Drive and Doc's in 30 minutes available from in 30 mins calm and I'll tell you about a situation that I sometimes find myself in and that is when I'm going to either borrow or loan money and I need to figure out the interest rate and what I typically do actually is I do it the lazy way I just open up my calculator let's say it's a $10,000 whoops $10,000 loan and it's two percent interest so I might just do multiply times one point zero two and then I'll just hit the equal button ten times one two three four five six seven eight nine ten okay and that will give me some sort of value the problem with doing it this way is first of all that's not the way banks typically work it's not like you have an interest rate and then they're calculating it at the end of every year typically it's at the end of every quarter or the end of every month and then it's compounded so this value that I just generated here it won't be accurate for

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