it works out at roughly 11.71% - although that is if interest is only applied annually, I reckon this is probably not the case though, in which case the effective interest rate would be lower.

the percent of sales method.

5.83$ === Solution Method: 1. "ordinary interest" = "simple interest" <-- which is the correct financial term to use. 2. 7% APR interest can be expressed in any increment that you wish, by dividing it by a specific period of time (e.g.: annually rate = .07/1, monthly rate = .07/12, weekly rate = .07/(365/7), daily rate = .07/365 3. In your case, you want to compute the interest for 2 month as follows: (.07/12) * 2 * 500$ = 5.83$ <-- this is the simple interest owed

What are the disadvantages of the percent of sales method

It depends on how it is calculated, but here is a list of the common answers depending on the method of interest earning: Compounded Annually: $10,000 x .05 = $500 / 12 = ~ $41.67

No. The "simple interest" method of calculation does not compound interest. It takes the annual interest rate and divides it by 365 to get the daily rate. The daily rate is then multiplied by the current balance to get the amount of interest that accrues per day. This interest is kept in a separate account from the principle, and interest does not accrue on the balance of that account. In compound interest, the principle and interest are kept in the same account, so interest accrues on past interest.

The interest method that credit card companies prefer will vary depending on the company. In most cases, they use the average daily balance method or the daily balance method.

you take 210.50 divide it by 6000 which gives you .0350833. Then multiply it by 100, which gives you 3.50833 after that you divide by 150 days which gives you .0233888 and then multiply by 365 which gives you 8.536912 but leave it to the nearest hundredths 8.54%

The formula used for percentage of sales is quite simple. It entails figuring out the total amount of sales which is equal to one hundred percent. The particular method used is a portion of the total sales.

This method is preferred over the straight-line method of amortizing bond discount or bond premium. Amortization of a bond discount or premium is the difference between the interest expense and the nominal interest payment. The amortization entry is: Interest Expense (effective interest rate x carrying value) Cash (nominal interest rate x face value) Bond Discount (for the difference)

The main disadvantage in using artificial family planning is the fact that no pharmaceutical method can be 100 percent effective. The only 100 percent effective method is abstinence.

bacause its lower the sale price

Uncollectable allowance = 130000 * 2% Uncollectable allowance = 2600

No. The A4V method is a tortured reading of the UCC (Uniform Commercial Code) except for certain commercial transactions. The method claims that you can send a payment to a creditor that modifies the contract, reducing the amount you owe. No, you can't. And your payment will then be in arrears, accruing late fees and interest.

Straight line depreciation method allocate equal amount for all years while in sum of years digit method depreciation is allocated with high amount in initial years while low amount in later years.

find the interest on $4000 at 3.5% annual interest for 1 year 6 months

In finance, negative amortization, also known as NegAmMort, is an amortization method in which the borrower pays back less than the full amount of interest owed to the lender each month. The shorted amount is then added to the total amount owed to the lender. Such a practice would have to be agreed upon before shorting the payment so as to avoid default on payment. Also known as deferred interest or Graduated Payment Mortgage (GPM).

Our soft calculator accepts:&Loan amount: The total amount of money that you have borrowed.&Percentage of Down Payment&Loan term: The number of years you have to pay off your loan.&Annual Interest Rate: The exact interest rate on yourdgdgfds loan. This is deferent from the annual percentage rate or APR which is standardized method of calculating the cost of a loan, stated as a yearly rate which includes such items as interest, loan insurance, and certain points or credit costs.

Two ways: Method I: (a) Calculate Change = 370*17.5/100 ie Change = Start amount * Percentage / 100 (b) Add / subtract this amount to / from the original. ie Final amount = 370 Â± Change Method II: (a) Convert % change to multiplier ie (1 Â± 17.5/100) (b) Multiply the original amount by this value. Although Method II might seem more complicated, I recommend it for the following two reasons. It is much more useful when calculating compound interest (or depreciation, ie continued growth / declines over a number of time periods). It is also less liable to lead to errors when calculations back in time. By that I mean questions like, an item was sold for 225 AFTER a 10% discount. What was the full price?

Loan 12000 for 12 months, interest rate 12% and monthly installment loan, which method do you choose?

cutting is the major source of it though 70 percent try this method most fail

In terms of economics, compounded interest means the interest earned from the principal and added interest. In many cases, this method is always used by some internet scammers to lure people to invest.

Method: 27 ÷ 60 × 100 = 45%

cost-500000 years-4 interest-5%

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