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Thomas charged 2400 on his credit card to buy furniture The interest rate charged by the credit card company is 24.9 percent after one month the minimum payment on the debt is 50 How much will he?
Wiki User
∙ 9y ago
2400 x .249 % is 597.6.
Wiki User
∙ 9y ago
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Thomas charged 2400 on his credit card to buy furniture the interest rate charged by the credit card company is 24.9 percent after one payment the minimum payment on the debt is 50?
2399.80
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
fixed annuity
Which firms issue loans at minimum interest rates?
I can advice a company that issues loans at a minimum annual interest. For review follow the link htt ps://bit. ly/35 JtvyC (just remove spaces).
Why is it unwise to pay minimum credit on your credit card?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
Do most high interest saving accounts require a minimum balance?
Yes, most high interest savings accounts require a minimum balance. Since it is high interest, it is usually a high minimum account balance as well.
Thomas charged 2400 on his credit card to buy furniture the interest rate charged by the credit card company is 24.9 percent after one payment the minimum payment on the debt is 50?
2399.80
What is the minimum amount of interest that can be charged for the purchase of a House?
There is no requirement to have a loan to purchase a house, therefore the minimum amount on interest would be zero.
In which of the following are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
fixed annuity
What department store credit cards have the lowest interest rates?
Sears is a store that gives a relatively low interest rate. Other stores like Jordans Furniture and Hope Depot offer no interest if you spend more than a minimum amount.
Which firms issue loans at minimum interest rates?
I can advice a company that issues loans at a minimum annual interest. For review follow the link htt ps://bit. ly/35 JtvyC (just remove spaces).
Is a moving company responsible for damage to a piece of furniture while moving it?
Yes,but not for the full value ,moving company's have a minimum of around .60 cents per lb. But if it can be repaired, that's what they will offer.
When are individuals guaranteed by an insurance company to earn a minimum interest rate on their investment?
The guarantee of earning a minimum interest rate on an investment by an insurance company can vary depending on the specific policies and products offered. In some cases, individuals may be guaranteed a minimum interest rate when investing in certain types of annuities or guaranteed investment contracts (GICs). However, it is important to carefully review the terms and conditions of the specific insurance product to understand the guarantees and limitations.
What is the Minimum interest you have to report on 1040?
No legal minimum...it all is reportable
Why is it unwise to pay minimum credit on your credit card?
Paying only the minimum due on your credit card balance maximizes the amount of interest you will pay to the credit card company. This is why it is better to pay as much of your balance as you can each billing cycle - it saves you money by reducing the amount of interest you pay. Also, depending on the terms of your credit card agreement, paying the minimum can actually make your principal balance increase. The minimum payment may not cover the amount of interest due.
Do most high interest saving accounts require a minimum balance?
Yes, most high interest savings accounts require a minimum balance. Since it is high interest, it is usually a high minimum account balance as well.
An example of price floor?
A price floor is government imposed limit on how low a price can be charged for a product or service. An example of a price floor in the US are minimum wage laws. The government has set the minimum wage that a company can pay an employee.
Can a credit card company charge interest on interest?
No. A credit company can not charge you interest on top of interest. With that said if you have a balance of $1000 and the company charges you $20 interest for that month. Next month a new balance is created $1020 then the company can charge you interest on $1020.00 if you fail to pay the $20 interest at the minimum. Interest is a finance charge and so long it does go over 59.9 per cent it is legal even on closed accounts. This is called accrued interest. If your account is closed due to unforseen of financial circumstances contact the credit and work out a payment arrangement and request interest to be stop. Many creditors will do so if the amount is paid in a timely manner usual 6-9 months. Otherwise consumer proposal is an option.
