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What is Fixed interest or treasury notes?
Treasury Note is a debt interest and carry a fixed coupon rate of interest. It means the interest rate is fixed on the treasury note and it is given to the holder.
Is the interest rate on this credit card variable or fixed?
The interest rate on this credit card is fixed.
How does a fixed interest rate loan work?
A fixed interest works as follows. You agree an amount you want to borrow, at what interest rate, and for how long. You then pay back that loan with that interest rate fixed, until the term ends.
What is a fixed percent of a principle?
It is a fixed rate of simple interest.
What is the monthly interest rate for fixed rate bonds?
The monthly interest rate for fixed rate bonds is the annual interest rate divided by 12.
Journal entry for the interest on a fixed asset purchase?
Debit fixed assetdebit interest expenseCredit cash /bank
What is the benefit of fixed deposit interest rates?
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
What is interest cover?
Interest cover means how much profit is available to pay the fixed interest expenses when due.
How do you make journal entries on provision on interest on fixed deposit?
To make a journal entry for provision on interest on fixed deposit, you would debit the Provision for Interest on Fixed Deposit account to recognize the expense and credit the Interest Income account to reduce the income earned on the fixed deposit. This adjustment ensures that the financial statements reflect the estimated liability for future interest payments accurately.
Fixed Rate Mortgage vs. Interest Only Mortgage?
Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
Can you change from a variable loan to a fixed loan?
If agreed by the Bank/Loaner - fixed load has fixed interest
