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A sofa can be purchased for 635.59 cash or on the installment plan with a 75 down payment and 24 payments of 30 each How much money will you pay over the price of the sofa if you use the installme?
Salvajoker1
$159.41
Wiki User
∙ 14y ago
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What describes an installment loan?
Installment loans require monthly payments to pay the loan.
What is a payment on a loan is divided into equal payments over a set period of time called?
installment debt
The idea of making a small down payment for an item and making regular payments on it is called the .?
Installment plan
What is installment cash credit?
Installment cash credit is a direct loan of money for personal purposes, home improvements, or vacation expenses. You make no down payment and make payments in specified amounts over a set period.
What does 'annuity' mean?
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.----
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
What is a payment on a loan is divided into equal payments over a set period of time called?
installment debt
The idea of making a small down payment for an item and making regular payments on it is called the?
Installment plan
The idea of making a small down payment for an item and making regular payments on it is called the .?
Installment plan
What is installment sales fiinance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
What is installment sales finance?
Installment sales are sales of goods under a definite schedule of payments, which involve a specified cash outlay as a down payment with the balance payable in agreed upon periodic installments
Installment Sales Method?
Installment sales method is a sales method used to determine revenue when a sales or service is purchased on a long term payment plan. Revenue recognition is delayed until the payment is actually made, not at the time of the sale or service delivery.
What is installment cash credit?
Installment cash credit is a direct loan of money for personal purposes, home improvements, or vacation expenses. You make no down payment and make payments in specified amounts over a set period.
Why would someone want to sell a structured settlement payment?
An individual might want to sell a structured settlement payment in order to get a lump sum payment of those funds upfront instead of being paid out in installment payments.
What is the method called that is used to compute equal periodic payments for an installment loan?
I don't know the "name" of the formula, which is: payment = {loanamount} * i / (1 - (1+i) ^ -{#payments}), where i = monthly rate, i.e. 6% would be 0.06/12.
What does 'annuity' mean?
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.----
Which describes installment loans?
They usually require a down payment.
