yes he will that is what mine does
Monthly
If there is no repayment then the compound interest will continue growing for ever - becoming infinite. If there is repayment then the charge will depend on the amounts of repayment.
multi the unpaid balance by the monthly interest rate
In Wisconsin, what is the maximum allowable monthly interest rate I can charge customers who are delinquent in their bills?
There is no single best interest calculator. At the same time, if you have a good standing with your bank, you should only be charged the calculated interest. Take a look at: ncalculators.com/interest/monthly-interest-calculator.htm
Borrowing is the act of taking with intentions of returning it. If you borrow money, most people will charge interest on the money. Most banks charge interest yearly, sometimes monthly. The interest depends on who or where you borrow the money from.
INSTALLMENTS to their members, but continue to finance homes and charge interest.
in fact they do
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
Sure can, a dirty deal.
true!
Common ones are - monthly interest, and late payment fees.