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If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?
$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment
If your credit card balance is 1150 and the minimum monthly payment required is 3 percent What is the minimum amount you must pay this month?
34.50
What would be your payment for 1400.00 balance?
To determine the payment for a $1,400.00 balance, additional information is needed, such as the interest rate, payment term, and whether it's a loan or a credit card balance. For example, if it's a loan with a fixed interest rate and a specific term, you would calculate the monthly payment using a loan amortization formula. If it's a credit card, the minimum payment might be a percentage of the balance or a flat fee set by the issuer. Please provide more details for a precise calculation.
What shows how installment loans are calculated?
amount financed= cash price- down payment
What is the formula for finding monthly payment when you know the interest and principle amouint?
total cost= monthly payment [1-(1+APR)to the power of -n/APR
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
If Lavina wants to buy a rocking chair for 160 she will pay ten down and pay the rest in six monthly installments what will be the amount of each monthly payment?
If Lavina wants to buy a rocking chair for $160 and pays $10 down, she will have a remaining balance of $150. If she plans to pay off this balance in six monthly installments, each installment will be ( \frac{150}{6} = 25 ). Therefore, each monthly payment will be $25.
Lavina wants to buy a rocking chair for 160.00 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?
Down payment = 10%Remainder to be paid in six installments = 90% = 0.9 of the purchase price.Each installment = (0.9 x 160)/6 = 24
What is rosylns monthly payment Roslyn has decided to purchase a 14000 car. She plans on putting 2000 down toward the purchase and financing the rest at a 6 interest rate for 4 years?
The answer will depend on whether the interest is calculated on the monthly balance or annual balance. On an annual basis, it will be approx 290.
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
How can I consolidate installment loans into one single payment?
To consolidate installment loans into one single payment, you can consider taking out a debt consolidation loan. This loan allows you to pay off all your existing installment loans and combine them into one monthly payment with a potentially lower interest rate. This can simplify your finances and make it easier to manage your debt.
Is it better to finance an auto purchase with a small down payment and high monthly payments or high down payment and small monthly payments?
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
What is a common installment payment?
A common installment payment is a fixed amount paid regularly over a specified period to repay a loan or purchase. This type of payment is often used for mortgages, car loans, and personal loans, where borrowers make monthly payments that include both principal and interest. The structure allows borrowers to manage their finances by spreading the total cost over time, making larger purchases more accessible.
What is the difference between sale and higher puarchase?
sale refers to the ownership of the goods will transfer at the time of agreement itself. it is to seller to buyer. higher purchase refers to the payment made by the installment bases so the ownership of the goods will transfer after the payment of last installment is called higher purchase....
What is the difference between a mortgage and monthly rent?
Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.
Does the i touch have a monthly payment?
No, there is no monthly charge for having an iPod Touch, but becareful of the apps that you might purchase from the AppStore.
What is the account entry should do for a car company which is installment?
The account entry that you should do for a car company, if it's an installment payment, is a debit. This means that you have paid the bill and you deducting it from your bank balance.
