0
What else can I help you with?
What interest is calculated on both the amount borrowed and any previous interest?
Compound interest, but only if the previous interest is accumulated.
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
What is the difference between simple interest and compound interest is one better than the other why or why not?
With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!
What is compount interest?
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. This means that interest is earned on both the original amount deposited and the interest that has been added to it. Over time, this can lead to exponential growth of the investment or loan, as the interest compounds at regular intervals. It contrasts with simple interest, where interest is only calculated on the principal amount.
What equals interest?
Interest is the cost of borrowing money or the return on investment for deposited funds, typically expressed as a percentage of the principal amount. It is calculated based on factors such as the principal amount, the interest rate, and the time period involved. In financial terms, it can be categorized as either simple interest, which is calculated only on the principal, or compound interest, which is calculated on both the principal and the accumulated interest.
Which type of interest doesnt change and has only one interest amount?
simple
Which type of interest doesn't change and has only one interest amount?
simple
How much interest only payment can one pay for a home equity line of credit?
The amount of the interest payment depends on two things which are, the loan amount and the interest rate. Normally, if your payment is set up to pay interest only then the amount of the payment would be the total amount of interest earned in one month.
What interest is calculated on both the amount borrowed and any previous interest?
Compound interest, but only if the previous interest is accumulated.
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
Why cant you change my profile interest?
because its your home page and only you can change it
What is the difference between simple interest and compound interest is one better than the other why or why not?
With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods. As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!
What doesnt change when waves pass from one medium into another?
The frequency doesn't change as it is dependent only on the source.
Does the amount of rain that falls an area determine which kinds of organisms can live there?
Yes and No Because if in only a year it doesnt rain and then the next year it doesalmost all year then it could change what organisms live there
When the loan can be written off?
It will be written of only if you pay the capital as well as the interest amount.
What is compount interest?
Compound interest is the interest calculated on the initial principal and also on the accumulated interest from previous periods. This means that interest is earned on both the original amount deposited and the interest that has been added to it. Over time, this can lead to exponential growth of the investment or loan, as the interest compounds at regular intervals. It contrasts with simple interest, where interest is only calculated on the principal amount.
What are the terms of an interest only mortgage Is it equivalent to a 30-year fixed with additional principal payments?
With an interest only mortgage, the borrower pays only the interest due on the money that is borrowed. There is no money allotted in the payment amount that is reducing the principle. Interest only mortgages therefore have much lower payments but can result in negative amortization. 30-year fixed rate mortgages have money (albeit a very small amount to begin with) figured into the payment which is paying off the principle from the very first payment. Making additional payments toward the principle not only reduces the total amount of the loan, but also the amount of the total interest that will be paid to the lender. The amount of the payment may be much higher, but the result is equity (ownership). An interest only loan never leads to equity other than appreciation.
