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Q: Which type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?
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What type of interest is calculated by adding the interest earned to the principal during specific and agreed intervals?

Compound


What type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?

Compound


What is a fixed percentage of the principal paid over a specific period of time?

simple interest


Which of these describes the contract between the debtor and the creditor when a bond is sold?

the debtor promises to pay the creditor the borrowed money with interest at fixed intervals over a specific period of time


Is the word principal a proper noun?

No, the noun 'principal' is a common noun, a general word for:first in order of importancethe head of a schoola leading or most important persona sum of money lent or invested on which interest is paidThe noun 'principal' is a proper noun when it is the title of a specific person.


What is the term used for a specific sum of money paid out at specific time Intervals?

What is the term used for a specific sum of money paid out at specific time Intervals ?Options : (A) Tax(B) Fee(C) Charity(D) Installment


What percentage of a mortgage payment is the principal?

Most mortgages are fully amortizing. Meaning the pay the principal down to 0 over the term. Many today have special payment schedules that allow lower payments originally, even less than the interest due so the principal even grows while your making payments.On just about any mortgage, the amount of the payment that is principal vs interest changes literally with every payment. You need to refer to an amortization schedule for your specific rate and terms.Standardly at first virtually the entire payment is interest. The last few years virtually the entire payment is principal.


What is the term used fora specific sum of money paid out at specific Intervals?

Installment


What is the term used for a specific sum of money paid at specific intervals?

D - Installment


How do you calculate effective interest rate when you do not know the rate of interest?

That depends on what you DO know. You might consider asking again, being more specific about what information you have. For example, if you know the amount of interest, the principal, and the length of time, you can readily calculate the effective interest rate even if you don't know the nominal value or how often it's compounded.


What is the highest interest rate allowable for a private personal loan in Texas?

In TEXAS, interest does not begin to be calculated until 30 days after an account was due. The judgment rate of interest is 18% or the rate in the specific contract, whichever is less. There are other specific ceilings for different types of loans, you should contact an attorney in Texas for more information.


What are reinforcement intervals?

The reinforcement intervals refers to the fixed interval schedule whereby the first response is rewarded after a specific duration of time has elapsed.