0
If you borrowed 15000 with a student loan how much would you have to repay?
Wiki User
∙ 16y ago
Your question tells me you don't have any basic financial education whatsoever.
You need to learn some money basics before you even think about borrowing.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
How do you repay your mom?
Well, you would have to get a job, so you would earn money.
How many years do you have to pay back your student loan?
It varies from person to person. It really depends on how much you borrowed in loans and how much you can afford to pay back at a time. Student loans do not have to be paid until 6 months after you have finished school and the payments are usually cheap i.e. $25-$50 a month. Of course it would be easier to pay more at a time to get rid of the payments quicker. You can also contact the company you borrowed from if you need to defer your loans and they will provide the different deferment options available. Hoped this helped!
What is pure discount loan?
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today. Hope this helps!
How does an individual repay installment debt?
Depends a bit on how the lender operates but generally you would set up a direct debit or standing order so that a regular payment is made from your bank account to the lender's each month or some such frequency. On the other hand, if you'd borrowed from your aunt, maybe you'd just hand her the instalment every time you met her.
How would you use the word repay in a sentence?
If you borrow money, you should repay who you borrowed it from to avoid debts.
A student in college borrowed 12000 in student loans at an interest rate 9 compounded annually If you repay 1500 per year how long to the nearest year will it take you to repay the?
A very rough estimate is 15 years, or 14 years and 9 months. That's assuming your total amount owed is $12,000, and you started making these payments right away. Of course, if you chose to defer payments until graduation, the loan would accrue interest until then, and the amount you owe would be more than 12,000, and therefore take longer to repay. And don't forget to include any origination fees, which would also increase the total amount you have to pay back.
Why pay a loan?
There are two good reasons to pay a loan. First, it is the honest thing to do; when you borrowed the money you agreed that you would repay it. Secondly, when you repay your loans it is good for your credit rating, and if you wish to borrow money again in the future, you will be considered a better risk.
How do you write 15000 in decimal?
15000 in decimal would be 15000.
How much will you have to repay how long and what are the interest rate payments on a auto loan with a interest rate of 10 for 72 months and a balance of 15000?
waht is the paymentwaht is the paymentTo payoff 15000, in 72 months with a interest rate of 10%,if would cost you $277.88 per monthsource:http://www.estimatepension.com/amortization-Schedule-Calculator.aspx
Is an overdraft an advance?
Yes. Overdraft is like an advance where you take cash from your overdraft account (even though you do not have equivalent bank balance) and then you repay the money to the bank once you have raised enough funding to repay the same. The bank would charge you an overdraft fee + interest for the money you borrowed from them
how can i get started on getting a grand , would i have to repay ?
“how can i get started on getting a grand , would i have to repay ”
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
What would 15000 in 1960 be worth today?
thirty thousand
Why would Greece have to leave the euro?
Because Greece is having huge economic problems, it has borrowed money and cannot or will not repay it. The rest of the EU is supporting them financially. Because the currency is used by several countries it is hurting the other countries economies by reducing the value of the Euro.
How would you use obligation in a sentence?
The President of the United States has an obligation to the American people.When Mary signed the forms, she knew that felt the weight of the mighty obligation she had to repay her student loans after she graduated from law school.
