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What else can I help you with?
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.
An amount owed upon which interest charged is calculated?
The amount owed upon which interest is charged is known as the principal. This principal amount serves as the base for calculating interest, which can be applied as simple interest or compound interest over time. The total interest paid depends on the principal amount, the interest rate, and the duration for which the money is borrowed or invested. Understanding this concept is crucial for effective financial management and planning.
The amount of money charged for borrowing or using money?
Simple Interest
A single purchase limit is?
The maximum amount of money that can be charged to the purchase card for a single transaction.
At a bank to receive interest is a minimum balance required?
If an account is interest based then any amount is fine
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?
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.
