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Effect of interest rate on consumer finance?

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โˆ™ 2009-10-10 13:50:03
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Related questions

How is interest on consumer credit transactions computed?

finance charges are imposed on unpaid balances each month. To determine the monthly finance charge rate, the annual rate is divided by 12


What is the current interest rate for auto finance?

Auto finance interest rates vary, but the current interest rate is generally between six and nine percent.


An interest rate on a consumer loan of 1.5 is most apt to be a?

monthly interest rate


In finance IRO stands for what?

interest rate option


What is the federally regulated maximum interest rate that a finance company can charge on a loan in the year 2011?

continuation of question that would be the maximum interest rate that a finance co can charge in the year 2011.


What the role of interest rate in economic and what the good and bad effect of interest rate.?

what's effect on plabmid when gene of interest large size


What is HSBC auto finance interest cost?

It depends on your credit rating. If you have an excellent credit rating then you will be able to get a low rate from HSBC auto finance. If you have a lower credit rating your interest rate will be higher.


What does the nominal interest rate mean?

A nominal interest rate is an interest rate that does not factor in the rate on inflation. Nominal interest rate could also refer to an interest rate that does not adjust for the full effect of compounding.


How is a finance charge calculated?

multiply the unpaid balance by the monthly interest-rate


How do you calculate finance charge?

multi the unpaid balance by the monthly interest rate


Keyword: rv loan interest rate Topic: Finance Keyword: rv loan interest rate Topic: Finance?

RV loan interest rates are determined by your credit score. You should always shop around when purchasing an RV to get the best interest rate. Be aware of filling out multiple applications, as this could affect your credit score.


Where can you find car interest rates in TucsonAZ?

At the Tucson,AZ Tucson Bank you can secure a low rate car finance loan. Visit their website to view the current car finance interest rate deals available.


When a country experiences capital flight what is the effect on its interest rate and exchange rate?

interest rate decreases and exchange rate increases


What has the author Barbara Turk Uliss written?

Barbara Turk Uliss has written: 'Reporting interest rate swaps' -- subject(s): Interest rate futures, Interest rate swaps, Swaps (Finance)


What is the effect of declining interest rate on employment GDP inflation and foreign sector?

Declining interest rate can have some effect,like increasing unemployement Rate,increase poverty.


Present value is so important for corporate finance?

$500 if interest for five years at a 7% interest rate


Where to find an interest rate calculator?

Yes you can find in the internet, that many website will give you interest rate calculator for make calculation for you finance its like amazon and www.ybonline.co.uk


Why is interest capitalized?

Interest is capitalized because it helps finance the construction of a long-term asset. Interest is money paid regularly at a certain rate.


Difference between interest rate and finance charge?

finance charge - This is the one time fees that the bank may charge for processing your loan Interest rate - This is the rate at which you must pay the bank interest for availing the loan during the loan tenure. Ex: Assuming you take a Rs. 1 lakh loan for 1 year at 10% fixed rate of interest and a 0.5% processing fee/finance charges ==> Monthly payment = 9166.67/- (Out of this Rs. 8333.33 would be principal repayment & Rs. 833.33 would be interest) Finance charges = Rs. 500/-


What is the highest allowable interest rate for used card in Iowa?

IOWA, the legal rate of interest is 10%. In general consumer transactions are governed at a maximum rate of 12%.


Can I find a finance loan that has a good interest rate?

That all depends on your credit score. Companies tend to offer loans of lower interest rates to individuals they deem at lower risk of defaulting on a loan. If you have a very good credit score then yes you should be able to finance a loan with a good interest rate.


What are the statistics on unemployment growth consumer spending and interest rate?

zac efron


An interest rate on a consumer loan of 1.5 percent is most apt to be what?

monthly.


What you think should consumers look for when shopping for a bank loan or credit card?

The interest rate ! Borrowing money - whether by loan or using a credit card - costs the consumer money. The lower the interest rate - the less the consumer has to pay back.


Of the available sources of the consumer credit which tends to have the highest interest rate?

Many types of consumer credit are available which have high interest rates. The ones which tend to have the highest interest rates are what are known as payday and title loans.