Wednesday

July 30, 2014

July 30, 2014

Posted by **carmen** on Monday, March 26, 2007 at 1:19am.

Are you sure you mean 7 3/2% ? No lender would write an intereest rate that way.

Perhaps you typed a numerator or denominator wrong. Do you mean 7 1/2%, or 7 3/8 %, for example?

In any case, subtract the "last month" interest rate from the current interest rate to get the answer. This can be done by either decimal conversion or by finding a common denominator for the interest rates.

**Related Questions**

Math - The interest rate on a second mortgage was 8 3/4%last month. This month ...

math - The interest rate on an equity line of credit was 7 and 5/8 % last month...

Math - The interest rate on a second mortgage was % last year. This year the ...

math - You want to explain to your friend that your bank’s interest rate has ...

Math - if the interest rate on a home mortgage is 9%, then each month you pay 0....

Mortgage Class - A borrower received a 30-year ARM mortgage loan for $120,000. ...

Math - Interest is a concept familiar to most people: every credit card in ...

consumer math - Your parents are buying a house for $180,000. They have a good ...

AP Macroeconomics - 3. You buy a certificate of deposit (CD) that pays a nominal...

Loans - A borrower received a 30-year ARM mortgage loan for $120,000. Rate caps...