calculate weighted average effective interest rate
So, what if the 100 was last year and the 200 was today?
"Sam Wilson" wrote:
Add up the interest charge for each liability, divide this figure by the
total liabilty...
So if you've got £100 at 5%, and £200 at 7% the effective rate is
(5+14)/300, which is 6 and a bit.
Sam
"GK" wrote:
how do you calculate weighted average effective interest rate for small
businesses who have multiple number of overdrafts, overdrafts and other
liabilities.
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