# If a car was repossessed and the amount due was 15K dollars can a collection agency claim to be collecting the amount due plus interest seven years later?

IF the CA was assigned the debt by the lender, IF the CA bought the debt from the lender, most important, IF there was a judgment against the debtor. YES. 6 yrs of interest adds up.

YES

### What is the value of a Lincoln wheat penny collection from 1934 - 1958?

Sorry to say, but unless they are in pristine condition, meaning "Uncirculated" then the collection would be worth anywhere from 10-15 dollars. It just totally depends on the condition of the coins. This can become a very fun hobby though. I am in college and I still have a large collection that grows with every collecting event that I go to. Pick up a magazine and have some fun with it!

### What does the compound interest refer to?

It means that the interest is added to the capital, before calculating the interest for the next period. For example - to simplify calculations, I'll use a 10% interest rate, and an initial capital of 1000 dollars: With simple interest, you get 100 dollars every year, 300 dollars in 3 years (for a total capital of 1300 dollars). With compound interest, the first year you get 100 dollars interest (10% of 1000). This is added…

### The concepts of simple interest and compound interest?

With simple interest, you just multiply the capital, the number of years, and the yearly interest rate. For example, for a capital of 10,000 dollars, 3% interest, 10 years, that would give you 10,000 x 3/100 x 10 = 3,000 dollars interest. With compound interest, after the end of every year, the interest is added to the capital, before calculating the interest for next year. In the example above, the first year you get 10,000…

### In Texas can a finance company sue and get a judgment for fifty thousand dollars over a repossessed car that was purchased for ten thousand dollars?

We need a few more facts before an answer can be given. Is this happening or is someone from the lending company making this threat? Also just because someone sues you for a large amount doesn't mean they will get that amount or anything close ....or anything at all. What was interest rate on your loan?

### How much interest does a 100 billion dollars earn a day?

Assuming this 100 billion dollars is deposited in a savings account that earns an interest of 1% per year, the interest earned in a day would be $ 2739726. Assuming this 100 billion dollars is deposited in a Certificate of Deposit that earns around 2.5% interest per year, the interest earned in a day would be $6849315

### Is simple interest at 4.25 percent better than compound interest at 4.25 percent?

Simple interest is the interest you earn on your principal, IE the amount of your original investment. For example, you put 1000 dollars in a saving account paying 3% per annum. At the end of the year you will have earned 30 dollars on that one thousand dollars. If you leave the principal and interest in the account for another year you will earn another 30.00 on your original 1000 dollars plus .90 interest. on…

### Is collecting coins an expensive hobby?

It depends on your definition of expensive, and on how seriously you pursue coin collecting as a hobby. If you want rare and valuable coins, their prices will be higher than less desirable coins. Coins vary in price from face value (one cent) to over 10 million US dollars. Some expensive coins include the 1974 flowing hair dollar (10 million USD) and the 1933 saint-gaudens double eagle (7.5 million USD). You can make coin collecting…