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Yes, because the earlier you make extra payments the less interest you pay. So if you pay $200/month extra each month this year, that is better than paying $2400 at the end of the year.

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11y ago

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What is the difference between installment and annuity?

Instalments are payments for your debts which can be paid on monthly, quarterly or yearly basis or way to make payments. Annuity is insurance product which is contract between you and insurance company for your investments.


How do banks calculate mortgages and mortgage payments?

Banks will often use the term of the loan, the downpayment, the total cost of the home, your personal interest rate, yearly property taxes as well as yearly homeowner's insurance to calculate the mortgage and the mortgage payments. There are many sites that have mortgage calculators, which include many of the variables that you can enter to figure out exactly what your payment would be.


What is the interest rate for a mortgage from the bank Indymac?

The interest rate for mortgages from IndyMac start from between 2.7% - 3.7%, depending on your yearly fixed rate. This also depends on your annual mortgage payments.


Henry devine bought a new dishwasher for 320.00 he paid 20 down and made 10 monthly payments of 34what actual yearly interest rate did Henry pay?

Henry Devine bought a new dishwasher for $ 320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?


Henry Devin bought a new dishwasher for 320. He paid Y down and made Y monthly payments of 34. What actual yearly interest rate did Henry paid?

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry paid?

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i only have the asnwer for question number 1:here it is:1.)The length of the mortgage is 5 years. The mortgage amount is $89600. The interest rate on this mortgage is 8%. The monthly payment on this mortgage is $1816.76. The yearly payments on this mortgage total $21801.12.Free Amortization Schedule and Monthly Payment BreakdownYearPrincipal PartInterest PartTotal PrincipalTotal InterestBalance115181.776619.3515181.836619.3574418.17216441.865359.2631623.7511978.6157976.25317806.533994.5949430.3415973.2040169.66419284.472516.6568714.8718489.8520885.13520885.07916.0589600.0019405.900.00


What is the difference between installment and annuity?

Instalments are payments for your debts which can be paid on monthly, quarterly or yearly basis or way to make payments. Annuity is insurance product which is contract between you and insurance company for your investments.


How do banks calculate mortgages and mortgage payments?

Banks will often use the term of the loan, the downpayment, the total cost of the home, your personal interest rate, yearly property taxes as well as yearly homeowner's insurance to calculate the mortgage and the mortgage payments. There are many sites that have mortgage calculators, which include many of the variables that you can enter to figure out exactly what your payment would be.


What kind of payments do you have to make on car loans?

You can make monthly payments or yearly payments. You can even pay it in full if you have enough money for that. It all depends on the company however.


What is the interest rate for a mortgage from the bank Indymac?

The interest rate for mortgages from IndyMac start from between 2.7% - 3.7%, depending on your yearly fixed rate. This also depends on your annual mortgage payments.


Is income Monthly or yearly?

Monthly


How often do you pay for life insurance?

You can choose to pay monthly, quarterly, biyearly, or yearly. The more frequent the payments, the more you pay though.


Does a Salmon breed monthly or yearly?

Yearly


Henry devine bought a new dishwasher for 320.00 he paid 20 down and made 10 monthly payments of 34what actual yearly interest rate did Henry pay?

Henry Devine bought a new dishwasher for $ 320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay?


Henry Devin bought a new dishwasher for 320. He paid Y down and made Y monthly payments of 34. What actual yearly interest rate did Henry paid?

Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry paid?


Is the annuity paid out monthly or yearly?

Annuities can be structured to provide payouts either monthly or yearly, depending on the terms of the contract. Most common annuities typically offer monthly payments, but some may provide annual payouts. It's essential to review the specific annuity agreement to understand the payment frequency options available.


Do you pay auto insurance yearly or monthly?

well there are those who pay monthly and yearly it depends.