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Cash balance
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∙ 12y ago
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Why might it be important to get a Lowe interest rate on a mortgage?
The shortest and simplest answer is because it saves you money. For example: (These numbers are over-simplified, they only factor in price, rate, and term. Actual mortgage numbers are more complicated.) $150,000 house 30 year mortgage 3.5% rate $673.57 monthly payment Total Payments ---- $242,485.20 $150,000 house 30 year mortgage 5% rate $805.23 monthly payment Total Payments ---- $289,882.80 $150,000 house 30 year mortgage 7% rate $997.95 Total Payments ---- $359,262.00 As you can see, even small differences in interest rate make a huge impact. At the end of the loan, there's a $47,397.60 difference between a 3.5% and 5% rate, and a $69,379.20 difference between 5% and 7%. So yes, it's very important to get a low interest rate.
What is the difference between finance lease and installment paying?
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
How do you find the difference between two numbers?
The difference between two numbers is determined by subtracting the smaller number from the larger number. For example the difference between 12 and 9 is: 12-9=3. For negative integers, you will see that the difference is the total distance. For example, the difference between (-12) and 9 is 9-(-12) when you simplify by eliminating the double sign, the two minus signs become one plus sign: 9+12=21. More simply put, you will have to travel 12 to get from (-12) to zero, then another 9 to travel the total distance (difference) of 21.
What is a GAP policy for a car loan?
Gap Insurance will pay the difference between the vehicle value and the loan pay off amount. For instance : you car is valued at $17,000 but the loan amount on the car is $20,000 - if your car is totaled your basic car insurance will only pay up to the car's value. A GAP Policy will pick up the $3,000 difference. Therefore you aren't making payments on a vehicle that is at a total loss. IMO- is a must have!
What is the total amount you would pay for a new car if the monthly payments are 269 for 5 years?
16140.00 (A+)
The difference between total receipts and total payments is referred to as?
Cash Balance
What are the differences between bop and bot?
Balance of payments: A systematic record of a nation's total payments to foreign countries, including the price of imports and the outflow of capital and gold, along with the total receipts from abroad, including the price of exports and the inflow of capital and gold. Balance of trade The difference in value between the total exports and total imports of a nation during a specific period of time.
Describe the salient features of India's Balance of payment?
Features of Balance of Payments Balance of Payments has the following features: (i) It is a systematic record of all economic transactions between one country and the rest of the world. (ii) It includes all transactions, visible as well as invisible. (iii) It relates to a period of time. Generally, it is an annual statement. (iv) It adopts a double-entry book-keeping system. It has two sides: credit side and debit side. Receipts are recorded on the credit side and payments on the debit side. (v) When receipts are equal to payments, the balance of payments is in equilibrium; when receipts are greater than payments, there is surplus in the balance of payments; when payments are greater than receipts, there is deficit in the balance of payments. (vi) In the accounting sense, total credits and debits in the balance of payments statement always balance each other.
What are the Steps involved in the preparation of receipts and payments accounts from income and expenditure accountgive examples?
Ignore the opening and closing cash and bank balances on the receipts and payments account. Eliminate all items of capital receipts and payments. Figure out the income of the year by deducting the total income received and adding the income accrued. Find the expenditure of the relevant period as well. When the account is balanced, it will show the surplus or deficit of the account.
What is the difference between thedolite and total station?
What is the difference between theodolite and total station?
What is gross and net receipts?
Gross receipts are the total of all sales with out the deduction of any expenses. Net receipts are the gross receipts minus returns, allowances and discounts.?æ
What is the difference between total customer value and total customer cost?
The difference between total customer value and total customer cost is__________.
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
What is the difference between Tier I and Tier II Bonds?
Tier I and Tier II bonds are basically the same. Tier I bonds are a banks receipts and stocks. Tier II is limited to only 100 percent of the total amount of Tier I. The Tier II bonds can include other assets besides bank receipts and shares of stock, but cannot exceed Tier I totals.
What is a 5 letter word for gross receipts?
total
What is the diffrence between thedolite and total station?
What is the difference between theodolite and total station?
What is the difference between the sum and the total?
what is the meaning of sum? and total
