Every State has Usury laws - meaning limits on interest rates charged
CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
The precaution of short term interest rate is that the rate tends to be higher due to its term. Long term interest rate, on the other hand, tends to be lower, but since it will take a long time to pay off debt, in the long run, the accumulated interest rate becomes much more.
The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.
When interest rates are high, investors will consider investing in short term investments, instead of long term investments. When interest rates are low, investors will consider investing in bonds because they are safer.
Insurance company's overcharging. drug company's overcharging insurance company's overcharging.. the medical profession overcharging, insurance company's overcharging.
No... this is illegal..(Federal).....no intrest can be charged on owed interest.
The issue is a bit unclear as "supervise" is a widely applicable term. If it includes reading someones mail, monitoring phone calls, and so forth, it is not a conflict of interest, it is illegal.
No, overcharging cellphone will not cause an electrical short circuit.
No it does not.
CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.
short- and long-term interest rates usually move in the same direction. Yield curve is often upward, so, long-term interest rates are usually higher than short-term interest rates. short-term interest rates are often more fluctuating than long-term rates.
no, its called usury and its illegal
A short term interest rate occurs over a short period of time. A long term interest rate occurs over a long period of time.
No. Only the current amount of interest due and/or accrued is shown as Interest Payable under Current Liabilities.
Interest receivable is normally a current asset as interest are normally collected within one fiscal year.
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.