Understanding the average interest rate can engage utilizing certain tools that can help customers track the rates that are available from a variety of credit sources. These tools could include specific tracking software as well as websites that post the current averages on a number of items such as certificates of deposit, automobile loans, mortgage loans, credit cards, and home equity loans. Such weekly averages can assist borrowers compare a variety of rates within a specific category,
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(Interest Expense - Accounts Payable)
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Liabilities
•This is a rough estimate, the proportion does not account for all.
•Using the before tax or after tax interest outlay will produce different results.
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