0
Loan a has the same original principal interest rate and payment amount as loan b however loan a is structured as an annuity due while loan b is structured as an ordinary annuity the maturity?
Wiki User
∙ 15y ago
upto 10LACS without submission of security documents!
Fast and Flexible. No Guarantors Up to Rs 10 Lakh. Apply Online Now!
Personal Loans upto Rs. 15 Lacs. Instant Approval. Apply Now!
Fast Processing, Minimal Paperwork. Apply for Special Interest Rate Now!
http://www.freewebs.com/get--loan
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
Is ordinary interest required by all banks?
yes
Is Ordinary interest is required by all banks?
True
Calculate the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
32
What is the tax rate on earned interest?
considered ordinary income
How much is the ordinary interest on 600.00 at 6 percent for 45 days?
Depends on the principal!
Example of ordinary and exact interest?
example of ordinary interest
What is the difference between ordinary interest and exact interest?
So ordinary interest is 30 days collecting or gathering interest on a dollar and exact is collecting or gathering 1 year interest on a dollar.
What is the exact and ordinary interest computation?
t= numbers of days ordinary interest= Pr no. of days/ 360 days exact interest= Pr no. of days/ 365 days
What gains more interest an ordinary annuity or an annuity due?
ordinary annuity
Is ordinary interest required by all banks?
yes
Is Ordinary interest is required by all banks?
True
The formula for ordinary interest using exact time is?
The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.
Calculate the amount of interest on a loan of 3200 at 6 percent interest for 60 days using the ordinary interest method?
32
What is the tax rate on earned interest?
considered ordinary income
What made the election of 1828 unique?
Politics became of interest to ordinary Americans.
When does interest begins compounding in an ordinary annuity?
At the end of the second period
