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You take interest and simplify it by moving the decimal point. For example: What is the "simple interest" on a $200,000 loan at 8% over 20 years? Easy.... 200,000 * .008 (interest) *.20 (years)= $320 Therefore, you would pay $320 over the life of the loan.
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Where can you find information about savings interest rates?
There are alot of places you can find information about saving intrest rates. TV, internet, but the best thing to do would be to ask your bank. That simple.
if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?
This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html
What does accepted in principle mean on a loan?
intrest
What is a fee charged for using money is called?
intrest?
What factors are included to calculate interest?
intrest method
How do you solve simple interest?
simple intrest=ptr/100: simple intrest=ptr/100:
What is the difference between simple and compound interest?
Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.
What kind of interest a person can have?
We have two kinds of intrest 1- Simple intrest 2- Compond inrest
The amount paid or earned for the use of money?
simple intrest
Where can you find information about savings interest rates?
There are alot of places you can find information about saving intrest rates. TV, internet, but the best thing to do would be to ask your bank. That simple.
What is simple intrest?
This was answered by a 6th grader. Example- Principal - 100 Intrest Rate - 5% Time in years - 3 100 x .05 = 5 5 x 3 = 15
How do you get rid of stupidity?
metaphorically or theoretically? you find a way to learn that suits personal intrest
What is a intrest?
an intrest is a group of people you like and hang out.
if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?
This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html
To solve a problem for a 9th standard student in compound interest?
A man Iinvests 5000 for 2 years at compound intrest. After 1 year his money amounts to 5150. Find the intrest for the second year.
What are McCain's-interests?
His intrest is becoming president His intrest is becoming president
What are special-intrest groups?
special intrest groups are groups in the government
