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How much would your finacnce charge be if you had to pay each month on a 1000 balance?
Wiki User
∙ 16y ago
The finance charge would depend on the interest rate and the number of months it will take you to repay the loan.
Wiki User
∙ 16y ago
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When balancing redox equations you need to balance the charge. What would you use to balance the charge if the equation were being balanced in acid?
H+ can be used since it represents acid. But you also must balance e- (electrons) which also have a charge. So, the question is a little ambiguous.
What would be deducted from the balance per books on a bank reconciliation?
service charge
A month named for Roman two faced god in charge of doors?
That would be Janus! The month is January.
Is there a bank that will allow you to open an account with no penalties for minimum balance?
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
Why would a collection agency not give you the balance of your charge off in writing?
Only the company can answer that question.
What atom has no balance between positive and electric charges?
No atom can have an imbalance in its charge; if it did, it would be an ion.
Once you pay off a high balance on a credit card how soon will that affect your credit score?
Once you have paid the credit card balance off it will affect your score the following month. This is because the credit agencies only update your credit once a month. So the month following the payment would reflect the new balance of $0 and the score would be raised at that time.
How is a charge card different from a credit card?
A charge card you have to pay the full balance at the end of the month. You can buy as much as you want, but you must pay at the end of the month. A credit card will give you a limit of $xxxx and you can pay that off over years and build the interest until you can never pay it off. So essentially you can buy a yaht with a charge card but not a credit card. The downside to the charge card is the fact that if you cant pay up in full every month, they will gut you worse than a credit card would. Also, charge cards carry an annual fee for their generous rewards points and the risk they incur by backing you.
What is a large balance?
A large balance would be considered any amount you can not repay within a specific amount of time. Either pay the balance in full each month or at the end of the promotional period.
What is the principal of a loan?
The money you owe.You pay the principal, plus interest (rent for using someone else's money) to repay the loan.The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.The principal is the original amount that you borrow. It is usually set for an equal payment amount which includes the interest charge for the period. The principal decreases each time you make a payment as the interest amount due is based on the loan balance at the interest rate of the note.Easy example would be:You borrow $1000 @ 10% interest monthly. Monthly payment is $150.Month 1 - Interest is $100 so $50 would be deducted from principal, new balance is $950.Month 2 - Interest is $95 so $55 would be deducted from principal, new balance is $855.Month 3 - Interest is $85.50 so $64.50 would be deducted from principal, new balance is $790.50.Month 4 - Interest is $79.05 so $70.95 would be deducted from principal, new balance is $719.55.Month 5 - Interest is $71.15 so $71.96 would be deducted from principal, new balance is $647.59.A much easier way is to print an amortization schedule.
What does 19.99 percent purchases mean on a credit card?
It means they charge you 19.99% interest annually. $1000 of average daily balance would cost you $199.90 in interest. You do not pay any interest on a credit card if it is paid of in full every month, but the moment you do not pay it off in full, they will charge you interest on every purchase from the day of purchase.
If you combine zinc and iodine what would be the formula of zinc iodide formed?
ZnI2 Zinc has a +2 charge and Iodine has a -1 charge. It takes 2 Iodine to balance on Zinc.
