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If a company borrows money from a banks as an installment note the interest portion of each annual payment will?
Wiki User
∙ 12y ago
Equal the interest rate on the note times the carrying amount of the note at the beginning of the period.
Wiki User
∙ 12y ago
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Describes installment loans?
They usually require a down payment.
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
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.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
Can a credit card company raise your interest rate if you have never been late on a payment?
Unfortunately, yes.
What is the account entry should do for a car company which is installment?
The account entry that you should do for a car company, if it's an installment payment, is a debit. This means that you have paid the bill and you deducting it from your bank balance.
Is installment receivables a current asset?
No. A/R are current assets because the company expects to receive payment/or use the assets within a year. Installment receivables can be extended past the year. Some furniture and car installment loans of course can go past 5 years. The
Why does a company that issues bonds between interest dates collect accrued interest from the bond's purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
Why does a company that issues bonds between interest dates collect accrued interest from the bonds' purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
Which describes installment loans?
They usually require a down payment.
Describes installment loans?
They usually require a down payment.
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
What is the installment price minus the down payment equal to?
amount financed
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.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
Can a credit card company raise your interest rate if you have never been late on a payment?
Unfortunately, yes.
How are installment loans are calculated?
amount finaced=cash price - down payment
