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How do we calculate interest PART and principal part in an EMI?
Wiki User
∙ 16y ago
http://blog.investraction.com/2007/04/emi-principal-and-interest-calculator.html
Wiki User
∙ 16y ago
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What is interest expense on balance sheet?
When you pay back a loan or mortgage, part of each payment is interest, the rest is principal. For the interest part you would have Interest Expense, for the principal part something like Mortgage Expense.
What is the principal payment on a car?
I think you are referring to the principal on a car loan. The principal is the amount actually due on the loan. When you make a monthly payment, the first part of the payment is applied to interest and then to the principal. Example: You have an outstanding balance of $1000 this month at 12% interest, and your payments are $100 per month: From your $100 payment, $10 is for interest, and $90 is applied to the principal.
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called?
compoind interest
The mortgage is interest only. how is the effect to mortgage?
It is considered a term mortgage which is how mortgages were before the amortized mortgage. In a amortized mortgage a part of every payment goes to principal (the amount you owe) and a part goes toward interest (what the bank charges to loan you the money) In the beginning almost all of the payment goes toward interest but as time goes by more goes toward the principal and less toward the interest until the principal is paid off. The interest only mortgage only pays the interest so you never pay off your debt.
What output will a simple mortgage calculator give me?
A simple mortgage calculator will give you the amount of your monthly payment. It may also break it down in to what part is interest and what part goes toward the principal.
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called Answer discount interest compound interest primary interest?
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
What principal is not part of the constitution?
skinner
What family is third conjugation in latin?
All the verbs that end in -o in the first principal part and -ere in the second principal part. Note: some people count verbs that end in -io in the first principal part and -ere in the second principal part as third conjugation. However, others place it in a different conjugation called 'third -io conjugation.'
What is the principal part of the respiratory system?
the lungs
What is the third principal part for ducit?
duxit
Which principal part is this verb form?
there is no verb
Where can I find about car loan amortization?
When a loan payment is made towards a loan, a part of the payment is for the interest and part of it is applied to the principal amount. This process of making equal payments to pay off a loan over its life is loan amortization.
