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Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
What else can I help you with?
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Is it illegal for ford to charge you interest on a down payment of non borrowed money?
yes
How many payment's can you defer a car payment?
Depends on the contract you signed when you borrowed the money. With most lenders they can reposes their car if you miss one payment.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
What is the price paid for the use of borrowed money?
It is interest
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What will my student loan payment be?
Your student loan payment will depend on the amount you borrowed, the interest rate, and the repayment term. You can use a loan calculator to estimate your monthly payment based on these factors.
What is a Charge use for using others money?
If you are using others money legally, you have borrowed it from them in the form of a loan. You loan agreement will require you to pay it back to them in regular instalments over a finite period adding a bit to your payment each time in the form of "interest" on the loan. In the end you will therefore have paid back more than you borrowed.
How can I find the interest payment on a loan or investment?
To find the interest payment on a loan or investment, you can use the formula: Interest Principal x Rate x Time. The principal is the amount of money borrowed or invested, the rate is the interest rate, and the time is the duration of the loan or investment. Plug in these values to calculate the interest payment.
What kind of money do you guys use?
i use a lot of money I've borrowed or been given by other ppl, once in a blue moon i use money earned by me
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
