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What is the minimum amount of interest that can be charged for the purchase of a House?
Wiki User
∙ 16y ago
There is no requirement to have a loan to purchase a house, therefore the minimum amount on interest would be zero.
Wiki User
∙ 16y ago
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What is a mortgage interest rate?
In short the interest rate is the amount in percentage charged on your capital amount of your mortgage to you pay in addition to the actual amount loaned for the purchase of your house.
Can merchants place a minimum amount on credit card purchases?
A merchant can & will require a minimum purchase amount in some cases. The credit card company charges the merchant for each transaction. If a purchase does not exceed the amount they are being charged from the cc company, they can decline to process your card. Most merchants have a sign explaining their policy.
What is the amount charged for borrowing money called?
Interest.(:
What is the amount of money charged for borrowing money?
Interest
What is the best way to pay off my car loan early?
The best way of doing this is to pay higher than the minimum payment. This will decrease the amount you own quicker, as well as the amount of money that interest is charged on.
What is the percent charged or earned on an amount of money?
Rate of interest.
The amount of money charged for borrowing or using money?
Simple Interest
Is simple or compound interest faster?
Calculation of simple interest is faster in comparison to compound interest. In the latter, interest is added up with the principal amount and interest is charged on that added amount in the next period calculation.
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
If a judgment creditor over charged you on a writ of garnishment increasing the interest and the amount to be garnished can the judgment be vacated?
At a bank to receive interest is a minimum balance required?
If an account is interest based then any amount is fine
A single purchase limit is?
The maximum amount of money that can be charged to the purchase card for a single transaction.
The amount of a loan is called the what?
The main loan amount is called the principle. The amount charged monthly for the loan is called interest.
