You would need to read the agreement. There may be a clause or clauses that justify it in cases of default for instance.
If the amount due has lapsed to the next month without any payments being made, the CC company will add additional "penalties" that may appear as added interest, but in reality the fines are added to the principal amount owed.
It is difficult to determine the age of the narrator without more context or information about the content being discussed.
Wilson added these paragraphs to provide additional context or information, to elaborate on a point, to support an argument further, or to give examples that help clarify the topic being discussed.
The process you are describing is called compound interest. In compound interest, the interest earned on the principal amount is added to the principal, and subsequent interest calculations are based on this new total. This results in interest being earned on both the original principal and any previously accumulated interest. This method contrasts with simple interest, where interest is calculated only on the principal amount.
If you own an interest in property as an heir and the property was sold without you joining in. You still own your interest.
The pronouns that point out which person or thing is being discussed are the demonstrative pronoun; they are this, that, these, and those.
"MO" stands for "modus operandi" in the context of the topic being discussed.
Yes, that is correct. Compound interest occurs when interest earned on an investment or loan is added to the principal amount, so that subsequent interest calculations are based on the new total. This results in interest being earned on both the original principal and the accumulated interest from previous periods. Over time, compound interest can significantly increase the total amount accrued compared to simple interest, which is calculated only on the principal.
The Theory being discussed was "The Conrtaction Theory".
5% interest is just 5% of the final monthly bill being added to your bill....say the bill is 100.00 a month...well you're gonna be paying 105.00 a month...
smile politely and remain quiet or appear to have no interest in the conversation.
"By the way" is a phrase used to introduce a related or tangential point in a conversation. It is often used to add information that may be of interest but is not directly relevant to the main topic being discussed.