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if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?
This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html
Can your bank take money from your account without your consent?
Yes that is why they pay intrest on your money they use
Can you pay off your credit card any tine you want?
technically yes, but if u dont pay it on time you'll get intrest and late fees but if u refuse to pay it you'l get into debt quickly. Its a good idea to pay it ASAP if you can
How is a bond like an IOU?
Just like any loan, the issuer, or organization trying to sell the bond, agrees to pay back the money borrowed on a set date and agrees to pay intrest.
Can you pay down a credit card faster with 0 introductory APR?
YES but if your late on a payment the intrest goes to about 12% if your late again it goes to about 23%
Does checking accounts pay intrest?
yes ig
What is intrest?
Interest is the money you pay when you get a loan. It is the cost of having someone lend you money.
Why do banks lend?
to make money through intrest charges. The intrest they charge for lending is always a higher rate than what they will pay you if you save with them, so they always make money.
if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?
This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html
Can you have your wages garnished for not paying back a loan?
As you have showed the bank your salary form , and if you fail to pay the money the intrest you should pay to the bank , then your pay will be garnished.
Can your bank take money from your account without your consent?
Yes that is why they pay intrest on your money they use
Can you be taken to court to pay for a repossessed vehicle?
yes, however they can only take you to court for the total intrest.
What happiends some of the interest that a bank collects on its loans?
it is used to pay back intrest on your savings account
What is the difference between simple and compound interest?
Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.
What is a intrest?
an intrest is a group of people you like and hang out.
Can you pay off your credit card any tine you want?
technically yes, but if u dont pay it on time you'll get intrest and late fees but if u refuse to pay it you'l get into debt quickly. Its a good idea to pay it ASAP if you can
Why do some people pay off their student loans faster than others do?
Some people like to get their loans paid off as quickly as possible because of the intrest. The sooner it is all paid off, the less money is wasted on the accumulating intrest.
