0
What else can I help you with?
Which type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?
comopound
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.
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 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.
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.
Is there a way to keep your refund if a payment plan is in effect Went through bankruptcy and making agreed monthly payments Can they still take my refund Can I request it back?
The State can and will take your refund as long as there is a balance owed.
What is conventional interest?
interest rate agreed upon by both parties
How do credit card payments work?
When you use a credit card to purchase something, you are making yourself a loan through the credit card company. You have to pay the company back for this loan at the terms you have agreed to when you signed the application for the card. If you make a payment in full when you receive your monthly bill, there will be no additional amount due, no interest, and usually no handling fee. When you make a partial payment, whether it is the minimum due, or a larger amount, the company will charge interest, and perhaps a monthly fee, which will be added to the next monthly bill. As long as the amount you pay is less than the amount due, you will continue to be charged interest every month, based on the balance remaining. If you pay the entire amount due at the end of the month, there will be no new interest charges. There might be a small amount of interest on the previous balance. Often, if you call the company and point out that you paid the previous bill in full, they might waive the final interest due.
