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Can interest still accrue on a garnished credit card?
You bet it can ... The CC companies will continue to add interest at the specified rate until the balance is paid off in full.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
How is the interest on a savings account calculated?
The interest on a savings account is calculated by multiplying the account balance by the interest rate and the time the money is held in the account. This calculation is typically done on a monthly or annual basis.
What are some credit card companies with low interest balance transfers?
There are a great deal of credit card companies that offer low interest balance transfers. These companies include Citi, BankAmerica, Discover, and Capital One.
Does interest continue to accrue on the interest balance after the principle is paid?
Interest on any account is paid before anything is paid on the balance. That's how credit card companies, well any lender makes a profit.
Can interest still accrue on a garnished credit card?
You bet it can ... The CC companies will continue to add interest at the specified rate until the balance is paid off in full.
Which type of checking account pays interest on the mean balance of the account during a particular cycle?
Average Balance account
Can a credit card company close your account charge it off and still continue to add late fees and interest to the account?
they can if it contains a balance. if they charged it off and gave you a zero balance and a pay off letter then they cannot. If they closed the account and reduced the amount you owe you are still responsible for the payments including late fees and interest.
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
To find out your balance on a savings account at a bank which measurements must be accurate?
The number of times interest is calculated for your account Total in your account Interest rate
How is the interest on a savings account calculated?
The interest on a savings account is calculated by multiplying the account balance by the interest rate and the time the money is held in the account. This calculation is typically done on a monthly or annual basis.
What is a type of checking account that also earns interest these accounts generally have a minimum balance?
a type of checking account that also earns intrest
What are some credit card companies with low interest balance transfers?
There are a great deal of credit card companies that offer low interest balance transfers. These companies include Citi, BankAmerica, Discover, and Capital One.
If i deposited 235.00 in 1974 in a savings account what would be my balance?
The amount in your balance would depend on the interest rate of your savings account.
