0
What else can I help you with?
What does insufficient number of accounts paid as agreed mean?
This means out of the total number of accounts you have, you have not paid on enough of them as agreed when you where issued the account. Example would be late payments.
Which type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?
comopound
What is the interest earned on 600000?
Not enough information. The interest earned depends on the capital (which is the only datum provided), on the interest rate, on the time (for example, how long you leave interest in your bank), and on whether simple or compound interest was agreed.
Douglas borrowed 1000 from Patricia He agreed to repay her 1150 after 3 years What was the interest rate of the loan?
5% per year, simple interest.
Is this true the interest rate on your loan will be fixed over time?
It depends on the terms agreed with the lender.
Caleb bought a car for $6,900. He agreed on a five- year loan at a 5.4% interest rate. Calculate what Caleb’s monthly payments will be?
$131.48
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be.?
To calculate Caleb's monthly payments for a $6,900 car loan at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan. The monthly interest rate is 5.4% divided by 12, or approximately 0.0045. Using the loan formula, Caleb's monthly payments would be approximately $131.86.
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and acirc and 128 and 153s monthly payments will be.?
To calculate Caleb's monthly payments on a car loan of $6,900 at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan: [ M = P \frac{r(1+r)^n}{(1+r)^n - 1} ] where ( M ) is the monthly payment, ( P ) is the loan principal ($6,900), ( r ) is the monthly interest rate (5.4% annual / 12 months = 0.0045), and ( n ) is the total number of payments (5 years × 12 months = 60). Plugging in the values, Caleb's monthly payment is approximately $131.29.
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be?
To calculate Caleb's monthly payments for a car loan of $6,900 at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan: [ M = P \frac{r(1 + r)^n}{(1 + r)^n - 1} ] where ( P ) is the principal amount ($6,900), ( r ) is the monthly interest rate (5.4% annual divided by 12 months = 0.0045), and ( n ) is the total number of payments (5 years × 12 months = 60). Plugging in these values, Caleb's monthly payment is approximately $132.78.
Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Yes, if you have agreed that the house will be used for collateral.
Amanda just took out a loan for 950 at a 7.2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38.50 to pay off the loan. If she changes her m?
To accurately assess the impact of Amanda changing her monthly payment, we would need to know the new payment amount and the specific changes she is considering. However, if she increases her monthly payments, she will pay off the loan faster and incur less interest over time. Conversely, if she decreases her payments, it will take longer to pay off the loan and she will pay more in interest. The loan's terms, including the interest compounding, will also affect the total amount paid.
What are the terms and conditions of a 12 month loan?
The terms and conditions of a 12-month loan typically include the amount borrowed, interest rate, repayment schedule, fees, and consequences for late payments or default. Borrowers must adhere to the agreed-upon terms and make monthly payments until the loan is fully repaid.
How is interest paid on CDs?
Interest on CDs is paid based on the fixed interest rate agreed upon when the CD is purchased. The interest is typically paid out at regular intervals, such as monthly or annually, and is added to the principal amount in the account.
Interest Only ARM Calculator?
Interest Only ARM Calculator Interest only mortgages can provide you with very low monthly payments, however you are not paying off any principal during the interest only period. Use this calculator to examine an interest only mortgage.
Can a credit card company charge off an account when they are receiving monthly payments?
Yes, if the monthly payment is not the minimum amount agreed upon, a breach of contract has occurred on the part of the account holder and the creditor may take whatever action they decide is warranted.
If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?
If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.
How is a personal loan paid back?
A personal loan is typically paid back through fixed monthly installments over a predetermined term, which can range from a few months to several years. These payments include both principal and interest, with the interest rate being agreed upon at the loan's outset. Borrowers can make additional payments or pay off the loan early, depending on the lender's policies. It's important to keep track of payment due dates to avoid late fees and potential damage to credit scores.
