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Explicit interest is the amount of money that is paid on a loan. This means that it is a fixed amount of interest.

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11y ago

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Is borrowing an explicit cost?

Borrowing itself is not considered an explicit cost; rather, it refers to the act of obtaining funds. Explicit costs are direct, out-of-pocket expenses that a business incurs, such as wages, rent, and utilities. However, the interest paid on borrowed funds is an explicit cost, as it represents a direct financial obligation. Thus, while borrowing facilitates access to capital, the costs associated with it, like interest payments, are what fall under explicit costs.


Can you be charged interest on the unpaid balance of a service contract if no interest clause is in the contract?

Generally, if a service contract does not include an interest clause, you cannot be charged interest on the unpaid balance. Contracts are typically enforced based on their explicit terms, and if interest is not stipulated, it cannot be applied. However, local laws may vary, and some jurisdictions might allow for certain fees or penalties in the absence of an explicit clause. It's advisable to consult a legal expert for specific situations.


What is zero interest debenture?

Issue of the zero interest debenture does not carry any explicit rate of interest.The difference between th face value and the purchase price is the return to the investor(lender).


What are examples of something explicit?

explicit instructions; an explicit act of violence; explicit language.He was quite explicit as to what he expected us to do for him."generalizations that are powerful, precise, and explicit"


What is an explicit formula For a compound interest geometric sequence?

An explicit formula for a compound interest geometric sequence can be expressed as ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (the initial investment), ( r ) is the annual interest rate (in decimal form), and ( n ) is the number of compounding periods (years). This formula reflects how the investment grows exponentially due to the effect of compounding interest. Each term in the sequence represents the total amount at the end of each compounding period.


What are explicit messages?

The word explicit is often used in the sense of sexually explicit.


What is an explicit theme?

An explicit theme is usually stated outright by a character in the play. (APEX)


Is the information that Clarissa is happy explicit or implicit?

explicit


How is explicit formula for a compound interest geometric sequence?

The explicit formula for compound interest can be expressed as ( A = P(1 + r)^n ), where ( A ) is the amount after ( n ) periods, ( P ) is the principal amount, ( r ) is the interest rate, and ( n ) is the number of compounding periods. This formula represents a geometric sequence because each term (the amount after each compounding period) is derived by multiplying the previous term by a constant factor ( (1 + r) ). Consequently, the sequence of amounts grows exponentially, illustrating the characteristics of geometric growth.


What is the part of speech for explicit?

The part of speech for "explicit" is an adjective.


When was Explicit Ills created?

Explicit Ills was created in 2008.


What is a sentence using the word explicit?

They were explicit in their criticisms of the plan. Explicit nudity or sexual activity is normally classed as pornography.