0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How moch interest is on a 5000.00 loan?
You are not providing enough information. What is the interest rate and the term or length of time of the loan?
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How interest is calculated in loan syndication?
interest=princibal x rate x time
Are low interest loans better than high interest loans?
In general, a low interest loan is better than a high interest loan. The only time this may differ is if you are getting a variable rate loan, which may become lower than a higher fixed rate loan over time. However, this can be hard to predict, so it is always better to go with the low interest rate.
What part of student loans are deductible?
the interest that is paid or that accrues on the loan is what is basically deductible. however, such student or dependent if claimed must attend school at least half-time that leads to a degree, associate degree or a recognized certificate. it is also deductible if it accrues from a credit card used for the student loan. However, such eligible fees should receive a 1098E for its eligible insititution
How moch interest is on a 5000.00 loan?
You are not providing enough information. What is the interest rate and the term or length of time of the loan?
What is a subsidized loan?
A subsidized student loan is a loan in which the interest payments are subsidized. In general terms there is no interest added to the loan until it comes due for payment. A non-subsidized loan requires interest payments during the time a student is in school
What is a fixed rate mortgage?
A fixed rate mortgage is a loan with an interest rate that does not change over time. Whatever the interest rate is when the loan is taken out, will be the interest rate for the entire duration of the loan.
How interest is calculated in loan syndication?
interest=princibal x rate x time
Are low interest loans better than high interest loans?
In general, a low interest loan is better than a high interest loan. The only time this may differ is if you are getting a variable rate loan, which may become lower than a higher fixed rate loan over time. However, this can be hard to predict, so it is always better to go with the low interest rate.
What is the interest rate on a Gmac mortgage loan right now?
The interest rate of a Gmac mortgage loan is very variable. Based on the amount of time to pay it, the interest rate and total payout will increase with additional time.
Can I Lock In An Interest Rate When I Am Getting Pre-Qualified For A Loan?
There is no rate guarantee for a pre-qualification loan request. You will be qualified at the current interest rate in effect at time of loan application.
How can you eliminate the interest and penalties on your student loan?
The penalties by paying on time. The interest by paying it off.
Which equation represents how the interest on a loan is calculated?
Interest=Principle times rate times time
Which equation represents how the interest on the loan is calculated?
Interest=Principle times rate times time
Which of these is the correct formula for calculating interest on a loan?
interest = prinsciabl x rate x time
