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compound interest increases interest more than simple interest
Interest is usually not charged on interest and is called capitalizing interest. On some occassions banks may roll interest on a note and thus charge interest on the interest, but this is not advisable and is only done in certain situations that demand that it be done.
What are some points of interest in the Appalachian mountain range?
It depend on the interest of the loan some have a 0 percent interest all the way up to a 0.3 percent interest!
True.... o.O
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
There are many different companies for consumers to choose from that offer zero interest for loans. Some of the companies that offer zero interest for loans are: Capital One and Regions.
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He was eaten by his father
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
In some situations interest and accompanying collection fees can be assessed.
You can expect very high interest rates. In fact, some of these companies charge you interest rates upwards of 50%.