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If you charge 4000.00 at 2.99 percent how much interest will be accrued?
Wiki User
∙ 11y ago
200.00
Wiki User
∙ 11y ago
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What is the fee you must pay each month on your credit card is called?
It's either accrued interest (on your outstanding balance) - or a service charge for using the card.
How much interest can you legally charge in Wisconsin?
The maximum rate of interest you can legally charge someone in Wisconsin is five percent. The only way a higher interest rate can be charged is if there is a written agreement between the two parties.
Can a credit card company charge interest on interest?
No. A credit company can not charge you interest on top of interest. With that said if you have a balance of $1000 and the company charges you $20 interest for that month. Next month a new balance is created $1020 then the company can charge you interest on $1020.00 if you fail to pay the $20 interest at the minimum. Interest is a finance charge and so long it does go over 59.9 per cent it is legal even on closed accounts. This is called accrued interest. If your account is closed due to unforseen of financial circumstances contact the credit and work out a payment arrangement and request interest to be stop. Many creditors will do so if the amount is paid in a timely manner usual 6-9 months. Otherwise consumer proposal is an option.
What interest rate does Pounds till Payday charge?
Most of the cash until your payday companies have a lower interest rate if you pay when you say you will. It's usually 3 or 4 percent interest rate.
Ryan gray has a balance of 380 on his retail charge card if the store levies a finance charge of 21 percent per year how much monthly interest will be added to his account?
79.80
What is the fee you must pay each month on your credit card is called?
It's either accrued interest (on your outstanding balance) - or a service charge for using the card.
What is the percent per month they can charge in interest?
Whatever they want to charge. The only legal requirement is that they have tomake sure that you know the interest rate before you borrow the money.
How much interest can you legally charge in Wisconsin?
The maximum rate of interest you can legally charge someone in Wisconsin is five percent. The only way a higher interest rate can be charged is if there is a written agreement between the two parties.
Can a credit card company charge interest on interest?
No. A credit company can not charge you interest on top of interest. With that said if you have a balance of $1000 and the company charges you $20 interest for that month. Next month a new balance is created $1020 then the company can charge you interest on $1020.00 if you fail to pay the $20 interest at the minimum. Interest is a finance charge and so long it does go over 59.9 per cent it is legal even on closed accounts. This is called accrued interest. If your account is closed due to unforseen of financial circumstances contact the credit and work out a payment arrangement and request interest to be stop. Many creditors will do so if the amount is paid in a timely manner usual 6-9 months. Otherwise consumer proposal is an option.
What interest rate does Pounds till Payday charge?
Most of the cash until your payday companies have a lower interest rate if you pay when you say you will. It's usually 3 or 4 percent interest rate.
How much interest is paid to cash advance lenders?
Cash advance lenders charge outrageous interest rates to borrowers, ranging anywhere from thirty percent to three-hundred percent. This is why it is advised never to borrow from a cash advance lender.
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.
Ryan gray has a balance of 380 on his retail charge card if the store levies a finance charge of 21 percent per year how much monthly interest will be added to his account?
79.80
What interest rate does Capital One charge?
Capital one interest rates vary according to the type of card offered. Interest rates range from 10.9 to 24.9 percent depending on whether the card is Classic, Platinum, or Prestige.
Is the annual interest rate the same as simple interest?
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
What interest rate would be considered as loan sharking?
"An interest rate of more than 25 percent should be considered as loan sharking. That is the practice of loaning out money, just to charge a lot to get it back."
Payday lenders can charge up to how much interest?
payday lenders can charge up to what interest
