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A Quick Question Please.......


Jimbo44
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Hi!

 

Just about to begin putting my schedule of charges together using one of Vampiress' spread sheets (credit card with contractual interest) and I would like to check one thing before I do.

 

On my statements from the credit card co it quotes interest as "1.2% per month". To get an annual rate for the spread sheet is it OK to simply multipy this by 12 (making 14.4%)?

 

Thanks in anticipation.

Jimbo 44 - always happy to help, but always willing to learn from being corrected too!!! Whilst any advice given may be based upon personal experience, please always be sure you seek guidance from a professional in the particular field.

 

Never be afraid to try something new. Remember that a lone amateur built the Ark, but a large group of professionals built the Titanic.

 

A 'click' on the scales is always appreciated if I have helped. Many Thanks!

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