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Ramesh borrowed money from the bank to purchase a car. In addition to paying back the borrowed funds what else will he owe the bank?

He will definitely pay interest on the amount outstanding each month... He may also have had to pay an arrangement fee.


What is the mortgage of owning a house?

the amount of money you have borrowed from the bank which you must pay back over 25+ years.


Do i still have to pay the lien even if i don't want the car?

If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.


Money borrowed that must be paid back?

A loan.


What is money borrowed and not yet paid back?

Debt


What is the repayment period for a loan?

The repayment period for a loan is the amount of time given to pay back the borrowed money, including any interest or fees.


How do you collect money owed to you?

tell people who borrowed your money that you would like it back


What is lending of money?

it is when you give someone money, then you have to give back what you have borrowed. does that make sense?


How Much Money Did You Borrowed From Her?

As we do not know who she is and were not present when you made the arrangement, we can not answer this question for you. However, if you are unsure of the amount then you must rely on her recollection of the arrangement and pay back what she asks.


When would you pay interest on a loan?

You would pay interest on a loan when you borrow money from a lender and agree to pay back the borrowed amount over time. The interest is the cost of borrowing the money and is typically calculated as a percentage of the loan amount.


Can you deposit money into a credit card?

No, you cannot deposit money into a credit card. Credit cards are used to borrow money from a financial institution, and you are required to pay back the borrowed amount along with any interest charges.


Can you deposit money to a credit card?

No, you cannot deposit money directly to a credit card. Credit cards are used to borrow money from a financial institution, and you are required to pay back the borrowed amount along with any interest charges.