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Creditor payments difference from cost of sales?

Updated: 8/17/2019
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15y ago

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The creditor total payments will differ from the price of the sale unless you have a 0% interest loan. The interest armoritized in the amount of the total of payments. Some companys have simple interest loans, meaning that the interest is accumulated on a daily basis, rather than being financed for the full term of the loan. When payments are made in a timely manner or earlier, you will save alot on interest charges.

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Q: Creditor payments difference from cost of sales?
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