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If you take out a Mortgage and decided not to make payments, It is the interest that they should have collected during the time it took for them to foreclose and dispose of the property. It is truly a cost to the bank. Say the bank pays somebody 5% on a Certificate of deposit. They turn around and loan the money to you at 6%. When you don't pay they still have to pay the interest on the CD.
What else can I help you with?
Would the statement 'Simple Interest is interest earned on interest' be True or False?
False. Interest upon interest is compounded interest
What is a simple interest in math?
Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.
Interest earned on interest is known as?
Compound Interest
What are the major differences between compound interest loan and simple interest loan?
With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.With compound interest, the interest due for any period attracts interest for all subsequent periods. As a result, compound interest, for the same rate, is greater.
What are some of the uses of compound interest in business?
compound interest increases interest more than simple interest
How do you use the word foregone in a sentence?
We have foregone the chance to meet the Prime Minister to be on television instead. But that is just one.
What is the prefix for go?
semi
What is revenue foregone?
Revenue foregone is an adjustment to the rates tariff. It is a rates rebate that is generally available to all ratepayers of a particular category; e.g. residential land use. Therefore the revenue was never there to be collected (the revenue was foregone), and so should not be considered to be revenue in the first instance.
In economics what is cost?
cost of what you give up to get it
What does a foregone conclusion mean?
A foregone conclusion refers to an outcome that is anticipated or expected to happen based on the circumstances or evidence available. It suggests that the result is already determined or inevitable before it actually occurs.
What is the economic term for sacrifice foregone?
Opportunity cost or real cost.
Opportunity costs is best defined as?
The value of the best foregone alternative.
What is foregone?
If you take out a Mortgage and decided not to make payments, It is the interest that they should have collected during the time it took for them to foreclose and dispose of the property. It is truly a cost to the bank. Say the bank pays somebody 5% on a Certificate of deposit. They turn around and loan the money to you at 6%. When you don't pay they still have to pay the interest on the CD.
In YuGiOh can a ritual monster be special summoned from the graveyard after using Ritual Foregone?
No, because it wasn't 'properly' special summoned. To be able to special summon a Ritual Monster from the graveyard, it has to be initially summoned by Ritual Summon. Ritual Foregone does not Ritual Summon.
In a judicial sale of a house are you still responsible for any mortgage left on the property or is that foregone with the sale?
no
A good or service that is foregone by choosing one alternative over another is called a?
opportunity cost
What has the author Donna O'Sullivan written?
Donna O'Sullivan has written: 'Alleged affections' 'Foregone conclusions'
