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What is Interest is?

Interest means that you borrow money, and you owe it back with a little bit extra. e.g. you owe someone £10. After a month you give that money back. But for having let you borrow it, you might now owe £10 with 2 pounds (interest) added.


What happens to the future value when the payment amount doubles?

Well first off, you need to tell what the payment is, because we won't know what will HAPPEN to the future value so if you want your answers now, please answer back to get YOUR answer for what important thing you need to know. Thanks.


How many years will it take to pay 2000.00 with 18 percent interest on 2 percent minimum payment?

It is possible for the sum to never be paid back.


What does the term mean reimbursement mean?

Reimbursement means paying someone back for something. Like, if you lend money, you will be reimbursed when paid back. But you can also reimbursed for your time or effort, etc, or if someone damaged your property, you can be reimbursed for that.


In California when purchasing furniture and a deposit is applied to hold said items can you request your money back even though you signed a slip showing all sales are final?

That piece of paper means something. you promised to buy and gave money. They held the furniture for you until you could complete payment. "All sales are final" means exactly what it says. ---------- The above answer is not necessarily true. According to: (http://ag.ca.gov/consumers/general/refund_policies.php), "The policy must be displayed either at each entrance to the store, at each cash register and sales counter, on tags attached to each item, or on the company's order forms, if any. A return policy printed only on a receipt, for example, is not sufficient. If a store violates this law (California Civil Code section 1723), the purchaser can return an item for a full refund within 30 days of purchase." Also, a deposit is not a completed sale. Most retail deposits are "Earnest Money / Good Faith" deposits, in other words, it is just showing your intent to complete the sale - These deposits are not what completes a sale (if they were, you would have your furniture and it would have been called a payment for goods.). That all being said, you should to check to see if anything is noted about deposits being non-refundable if the sale is canceled.

Related Questions

At the end of a car lease do you get your downpayment back?

No, you do not. It's a down payment, not a security deposit.


Are you entitled to your deposit back no paper work has been signed?

Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.


Is it possible for someone to take back a Zelle payment?

No, once a Zelle payment is sent, it cannot be reversed or taken back.


If you put a deposit on a car can you change your mind Can You forfeit the deposit and get out of the deal?

if someone puts a deposit on a car after a 2 weeks period they change there mind do have to give them there deposit back


If you owe back taxes and are on a payment plan will you still get your federal income tax return?

efiled for2011 but owe back taxes from 2009..payment plan is due august 2011..can the back taxes be deducted from payment estimated to be directly deposited by july 4 2012 without delaying deposit?


Can get money back from making payment on a car for someone incarcerated?

Highly doubtful


Can someone take back a Zelle payment?

Yes, a Zelle payment can only be canceled if the recipient has not yet enrolled in Zelle. Once the recipient has enrolled, the payment cannot be reversed.


What is a back payment?

A back payment is an overdue payment from a debtor to a creditor on money owed.


Can someone else deposit your check into your account?

If the name on the check matches the name on the account, and if the check is signed on the back, then just about anyone can deposit the check. Withdrawing the funds requires ID, though.


Can I deposit a cashier's check back into my account?

Yes, you can deposit a cashier's check back into your account.


Can you deposit a cashier's check back into your account?

Yes, you can deposit a cashier's check back into your account.


Can you get your deposit back if you haven't signed a lease yet?

In Texas, you can only get your deposit back if your application is rejected and/or you have 3 days from the date of application to chane your mind. After that, you are not eligible to et your "application deposit" back.