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What is the total amount to be repaid on a one-year term loan of 500 dollars with an interest rate of 12?
Kadealexandergp4280
The total amount to be repaid on a one-year term loan of 500 dollars with an interest rate of 12 percent depends on how often it is compounded. If it is only compounded once during the year, you will owe 560 dollars after one year.
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What is the difference between the amount received from issuing a note payable and the amount repaid is referred to as?
Interest.
What is business loan?
A business loans is a funding which is given to businesses by a bank that is usually to be repaid by certain date with a certain amount of interest.
Will the 700 billion dollars that the government is lending out be repaid with interest or without interest?
Option 3: not at all. If we're lucky, we'll get back half of the principle, but we will not get any interest, and will not even get back the full 700 billion.
Why is it NOT recommended that consumers acquire debts?
Debts must be repaid with interest.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
What is the difference between the amount received from issuing a note payable and the amount repaid is referred to as?
Interest.
Is The maturity value of a loan is the total amount of principal and interest that must be repaid?
Yes it is
What is government note that is repaid with interest?
what is it called when goverment note that is repaid with interest?
The action of adding accrued interest to the principal balance is called?
capitalization. Capitalization is when all unpaid interest is added to the principal balance of your loan. Capitalization increases your total amount to be repaid because you will then have to pay interest on the increased principal amount.
What is business loan?
A business loans is a funding which is given to businesses by a bank that is usually to be repaid by certain date with a certain amount of interest.
Will the 700 billion dollars that the government is lending out be repaid with interest or without interest?
Option 3: not at all. If we're lucky, we'll get back half of the principle, but we will not get any interest, and will not even get back the full 700 billion.
What is due when the loan is repaid?
interest is due.
When referring to a loan how to do spell principle?
For loans, the primary amount is the principal, which must be repaid in addition to whatever interest is charged. Until the principal is completely paid, the loan agency will normally continue to charge interest.
When a borrower pays back a loan both the principal and the interest must be repaid What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for?
13,807.50
The concepts of simple interest?
Simple interest is interest that is applied to the original amount for the whole period of the investment or loan. This is unlike compound interest where the interest received on an investment is re-invested, or the interest due on a loan is added to the loan outstanding if unpaid, and so itself gains interest. With simple interest on loans, it is often calculated that borrowing a certain amount for a number of years will be charged at a certain rate for the whole period; then at the end of the period of borrowing the original loan and all the interest are repaid at that moment. However, if monthly repayments are made, then part of the original loan as well as the interest for the month are repaid; this means that not all the loan is borrowed for the whole period and so the real [effective] rate of interest for the period is actually higher than the given rate as that given rate assumes no part of the loan is repaid until the very end.
Can you loan your child 100.000 dollars interest free to be repaid at one cent a year?
Sure you can - but it would never be repaid in full ! Repaying it at the rate of one cent per YEAR - would take 100 years just to pay back one dollar !
What is repaid to the investor on a bond's maturity date?
The principle and interest.
