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Money factor conversion????

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Old 05-04-2005, 02:22 PM
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Money factor conversion????
How do you convert the money factor into a conventional interest rate?
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Old 05-04-2005, 05:18 PM
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Basically uou take the Money Factor and multiple by 2400.

So, a factor of .00195 would equate to a 4.68% interest rate.
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