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If a 22-day single payment loan has a periodic interest rate of 7.8 what is the approximate APR of the loan?
Wiki User
∙ 6y ago
129.4%
Zaybien Willis
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What type of loan in which the loan amount and interest are due in one payment at maturity?
Single payment note. They generally run three to six months in lengh.
What is the low interest student loan consolidation?
Low interest rate student loan consolidation is when a company takes 2 or more student loans that an individual may have acquired and combines them into one lump sum with a single payment at a lower interest rate.
What is a single payment loan?
A single payment loan is just what it implies. The loan is due and payable in one lump sum, principal and interest, at the end of the period of time of the loan. Most loans are multiple payment or installment payment loans, like car loans, credit cards or mortgages where payments are made on a regular (usually monthly) basis over the term of the loan. This reduces the amount due on the loan gradually. In a single payment loan, nothing is paid during the term of the loan until the due date. On that date everything must be paid in full.
How much interest for year on mortgage?
There is no single interest rate. It varies by region, type of loan, borrower's credit rating, length of loan, amount of down payment and many other factors. You need to check several lenders.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
You have a single payment loan for 10500.00 for 123 days at 15 percent annual interest. Calculate interest due and the repayment amount .?
Interest =.15/365*123*10500 = $530.75 (approximate, depends on composite or accumulation terms) Total = $10,500.00 + 530.75 = $11,030.75 (approximate)
You have a single payment loan for 3500.00 for 270 days at 9 percent annual interest. What is the interest amount and the money due at the end of the loan?
Interest =0.09/365*270*3500 = $233.01 (approximate, depends on composite or accumulation terms) Total = $3,500.00 + 233.01 = $3,733.01 (approximate)
What type of loan in which the loan amount and interest are due in one payment at maturity?
Single payment note. They generally run three to six months in lengh.
Kama borrowed 625 at 11 percent interest for 60 days How much does she have to repay under a single-payment plan?
636.30
What word is used for when a payment is applied to the end of a loan?
It is called a balloon payment. Some loans, especially short-term (less than 1 year) call for no monthly payments. A single payment including principle and accrued interest is paid at a specified time.
Is minecraft a single payment or multiple?
Single.
What is the low interest student loan consolidation?
Low interest rate student loan consolidation is when a company takes 2 or more student loans that an individual may have acquired and combines them into one lump sum with a single payment at a lower interest rate.
What is a single payment loan?
A single payment loan is just what it implies. The loan is due and payable in one lump sum, principal and interest, at the end of the period of time of the loan. Most loans are multiple payment or installment payment loans, like car loans, credit cards or mortgages where payments are made on a regular (usually monthly) basis over the term of the loan. This reduces the amount due on the loan gradually. In a single payment loan, nothing is paid during the term of the loan until the due date. On that date everything must be paid in full.
How much interest for year on mortgage?
There is no single interest rate. It varies by region, type of loan, borrower's credit rating, length of loan, amount of down payment and many other factors. You need to check several lenders.
Do you have to payment for warhammer?
You have to make a single payment to get the game; but, other than that, no.
What is a simple mortgage calculator?
A simple mortgage calculator is a tool used to calculate mortgage payments. It simplifies the compound interest process to give users a single payment number.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
