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What else can I help you with?
How can I use a CD ladder to build an emergency fund?
You can use a CD ladder to build an emergency fund by spreading your money across multiple CDs with varying maturity dates. This strategy allows you to access funds periodically while still earning higher interest rates than a traditional savings account.
How can I effectively utilize a CD ladder to build and maintain an emergency fund?
To effectively utilize a CD ladder for an emergency fund, you can spread your money across multiple CDs with varying maturity dates. This allows you to have access to funds at different intervals while still earning higher interest rates than a traditional savings account. As each CD matures, you can reinvest or withdraw the funds as needed for emergencies, helping you build and maintain a reliable financial safety net.
Are prepaid credit cards worth all the interest?
There is no interest on a prepaid credit card. With a prepaid card it is like having cash. You have an amount on your card (for example $500) and you purchase an item for $30 you would then still have a credit of $470 on your card. This can be topped up when the funds run low.
Is it legal for a credit card company to charge 109.96 percent interest on a cash advance?
Credit card interest and fees are determined at the state level at present. Congress has passed a law which makes bait and switch tactics more difficult but legal interest ceilings are still a state matter.
How do I start implementing the concept of infinite banking?
To start implementing the concept of infinite banking, you can open a whole life insurance policy and use it as a savings vehicle. By borrowing against the cash value of the policy, you can access funds for investments or other expenses while still earning interest on the policy. It's important to work with a financial advisor who is knowledgeable about infinite banking to ensure you are using the strategy effectively.
What is the monthly interest on 13 percent per annum?
It's 11/12 percent of whatever principle you still owe.
Determine the per annum interest rate r required for an investment with continuous compound interest to yield an effective rate of 4.25 percent Express your answer as a percent?
We still need to know how often the interest is compounded ... Weekly ? Daily ? Hourly ? What does "continuous" mean ?
Is a savings account or CD better for putting money into?
A savings account would still allow you access to those funds. However, if you please your money in a CD it can gain interest that is compounded daily, but you cannot cash in the CD before it's due date without risking cost to you.
How can I use a CD ladder to build an emergency fund?
You can use a CD ladder to build an emergency fund by spreading your money across multiple CDs with varying maturity dates. This strategy allows you to access funds periodically while still earning higher interest rates than a traditional savings account.
Should a mortgage of 150K at 6 percent be paid off with 150K cash from a 401K at retirement?
interest rates on borrowed money such as loans and mortgages is nearly always higher than the interest you gain on any savings. You'd have to check what interest you could get on investing the 150k but paying off the mortgage is likely to be your best option - unless you want to spend the money on something else in the short term, but remember you still need to have te funds available to pay the monthly payments on the mortgage.
How can I effectively utilize a CD ladder to build and maintain an emergency fund?
To effectively utilize a CD ladder for an emergency fund, you can spread your money across multiple CDs with varying maturity dates. This allows you to have access to funds at different intervals while still earning higher interest rates than a traditional savings account. As each CD matures, you can reinvest or withdraw the funds as needed for emergencies, helping you build and maintain a reliable financial safety net.
When freezing an account does it stop funds going in?
no - only stops funds from leaving your account you can still deposit
Are prepaid credit cards worth all the interest?
There is no interest on a prepaid credit card. With a prepaid card it is like having cash. You have an amount on your card (for example $500) and you purchase an item for $30 you would then still have a credit of $470 on your card. This can be topped up when the funds run low.
Is it legal for a credit card company to charge 109.96 percent interest on a cash advance?
Credit card interest and fees are determined at the state level at present. Congress has passed a law which makes bait and switch tactics more difficult but legal interest ceilings are still a state matter.
Why despite the huge reduction in Interest rate in the US to quarter a prcent Mortgage lenders still charge home buyers an interest rate as high as six percent without passing any reduction?
Because mortgage lenders make money by charging more interest than they pay.
Do you have to pay a Tennessee title loan back if you never had a clear title?
Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.
How do I start implementing the concept of infinite banking?
To start implementing the concept of infinite banking, you can open a whole life insurance policy and use it as a savings vehicle. By borrowing against the cash value of the policy, you can access funds for investments or other expenses while still earning interest on the policy. It's important to work with a financial advisor who is knowledgeable about infinite banking to ensure you are using the strategy effectively.
