0
The value of the principal is fixed.
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
A fixed percent of the principal of a loan or investment?
A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.
What is a fixed percent of the principal in math?
Simple Interest
Is a fixed percentage of the principal paid over a specific period of time?
depreciate
How do you write application to principal for repairing all things in the class room?
You type a letter to the principal asking him to repair what needs to be fixed in the classroom.
What is a fixed percentage of the principal paid over a specific period of time?
simple interest
What are the monthly payments on a 30 year fixed rate mortgage at 5 percent?
This would depend on the principal balance of the mortgage.
What are fixed rate bonds?
Fixed rate bonds are a 'security' paying a fixed periodical 'coupon' or interest payment, say 6%. After some defined period, the bond will repay its 'face value' being equivalent of the principal in a loan.
How do you calculate fixed interest?
Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000
How do you calculate fixed deposit interest?
Fixed deposit interest is calculated using the simple interest concept Interest = (principal * no. of years * rate of interest) / 100 principal = the amount you deposited rate of interest = the amount in % Ex: Deposit amount - 10,000 Rate of interest = 10% no of days = 365 Interest = (10000 * 365 * 10) / (365*100) = 1000
What is the average mortgage for a house that cost 250000?
Based on my experience in Illinois, your 30 year fixed mortage principal, interest, taxes & insurance monthly payment will be approximate 1% of your mortgage principal. So, if your mortgage principal is $250,000 less down payment plus interest plus taxes plus interest, your monthly payment will be about $2,500.
Can I Increasingly Draw Down Business Loan With Fixed Interest Rate?
A business loan with variable rate of interest would better suit this purpose. You cannot increase the principal balance of the Business Loan having a fixed interest rate throughout the fixed rate of interest period. If several drawing is needed as the rates are fixed for time, break costs might be incurred.
What is meant by fixed deposits?
Fixed Deposit also called as term deposit in many countries works in a very simple manner as decided by Financial institutions. You have to deposit your money for a fixed tenure and you get a legitimate interest on that amount. Once the tenure is completed, you get your money after maturity. The final amount contains Principal amount Plus Interest Rate.
