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What would be the amount for early withdrawal on 20000 6 percent CD if the penalty involves two months of interest?
Wiki User
∙ 11y ago
$200
Wiki User
∙ 11y ago
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If Camon has a 21 percent annual interest rate what is his monthly interest rate?
1 3/4%
What is the total compound interest of a loan for 5000 with an annual interest rate of 8 percent at the end of two year period?
$432
Calculate the simple interest on a loan of 18500 at 11 percent annual interest for 18 months?
18 months is 1.5 years, so you'll pay (1.5 x 11) = 16.5 percent of the principle at the end of that time. 16.5 % of 18,500 = (0.165 x 18,500) = $3,052.50
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Formula for calculating compound interest?
P*(1+R/100)powerT where P= money borrowed or principal and R= rate in percent and T= time * * * * * Actually, this formula gives the value of the principal PLUS interest. You need to subtract P from the answer to get the compounded interest.
How would you find out what would be the amount for early withdrawal on 20000 6 percent CD if the penalty involves two months of interest?
20,000 x .06 x 2/12 = 200 penalty
What is the Average penalty interest rate for cardholders who miss a payment?
25 percent
Are there early withdrawal penalties for ROTH IRAs?
Yes, unless an exception applies, there will be an early withdrawl penalty for ROTH IRAs. Usually the penalty is ten percent of the amount of the distribution.
When claiming a withdrawl from your 401k what is the percent of income tax you have to pay?
If you withdraw money from your 401k plan, it will be taxed just like any other income. So, the amount that you will pay will depend on what tax bracket the withdrawal pushes you into. If you do not meet one of the exceptions, you will also be subject to a 10% early withdrawal penalty. This penalty is charged by the IRS and it is reported on your tax return for the year of the withdrawal. So, if you are in a 25% tax bracket and you are subject to the early withdrawal penalty, you are going to pay a total of 35% of the withdrawal in Federal income tax. If you live in a State that has state income tax, remember that you will need to pay that too.
What are the age withdrawal rules for the IRA?
You will be able to withdraw when you reach 59 and a half. If you with draw before that time you will receive a penalty of ten percent. Does not cover federal tax in withholding
Interest on overdraft?
Overdraft interest is usually around 17 to 21 percent. This is a huge penalty and your overdraft should be paid off as soon as possible. Most banks will not allow you to have an overdraft for long.
Interest on old taxes?
Will be collected. Penalty may be abated. You had the money, you had the benefit, you will pay the interest you should have made on having it. The amount or percent is set in a schedule that changes every so often. Interest becomes tax and the government has the same power to collect it as it does a tax.
What are the taxes on a lump sum pension distribution?
A lump sum distribution taken after the age of 59 and 1/2 is considered regular income and taxed accordingly. If taken before then, a 10 percent early withdrawal penalty is applied.
How much is 3 percent interest on 150000?
3 percent interest on 150000 is 4500.
What is the penalty if I am a month late repaying express pay day loans?
The penalty is detailed in the contract for the loan. It is likely that fees will be added to your principal balance (as is the interest) and that the interest will be increased to the maximum allowed by law. It is possible in the case of a payday loan to end up owning 500% to 600% percent of what was borrowed in just a few short months after penalties and interest are added. Nothing screams "Buyer Beware" like a payday loan.
What percent it is possible to get pregnant if you use withdrawal method?
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Is IRA distribution without the ten percent penalty after 59.5 years of age your birthday plus 6 months or January 1st of the calendar year you turn 59.5 years old?
The penalty for early withdrawal from an IRA is waived after age 59.5. You can start taking distributions on your 59th birthday. If you turn 59.5 on July 15, for example, you can take penalty-free distributions starting July 15.
