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disbursed amount
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∙ 12y ago
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How much interest would you pay on 1 million loan?
This would depend on the company from which you received the loan.
How can I compute the current portion of a loan?
In order to compute your current portion of a loan, there are several elements to factor in. These would include the initial loan, amount repaid, interest rates and repayment period among others.
When mortgage payments are made in what way does the interest portion change each month and why?
Each month, the interest portion of the payment decreases and the principal portion of the payment increases. The interest decreases because the outstanding principal balance decreases each month as payments arev made. At the beginning of a loan, the interest portion of a payment is large and the principal is small. Towards the end of the loan, the interest portion is small and the principal portion is larger.
How is interest coverage used?
Interest coverages is basically a person or company's ability to pay back a loan and the interest on it. Interest coverage is used to see if a person or company is a good risk for a loan.
What lender would most likely charge you the highest interest rate on your loan?
finance company
What is low interest loan?
The loan whose interest rate is low is called low interest loan. If you got a unsecured loan @ low interest rate then it would be low interest loan for you.
Where can you find a simple interest loan calculator for an auto loan online?
Pretty much any online bank or loan office will have an online interest loan calculator. I would suggest going to the company's website that you are getting your loan through to see if they offer a calculator.
How do you pass journal entry if company take t he loan from bank includes interest?
debit bank accountcredit loan from bankwhen interest incurreddebit interest on loancredit loan from bank
How would a balloon payment effect interest on a loan?
how would a balloon payment effect interest on a loan
Is there interest on loans the SBA makes to women?
Yes there is interest. There will always be interest on a loan because that's how the company makes their money back in the end and not from the loan itself.
Where can one calculate interest of a loan?
The interest of a loan can be calculated by using the 'Loan Calculator' facility at the Bankrate website. One would need to know details, such as the interest rate and the loan term.
What is an example of an inexpensive loan and a medium price loan and a expensive loan?
An inexpensive loan is one with a 0.12 percent interest rate. A medium price loan would be about a 6.5 percent interest rate. Lastly, an expensive loan would be one with an interest rate of 15 percent or more.
