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Equal billing can help you when creating your monthly budget by providing a consistent and predictable amount for your utility expenses each month. This can make it easier to plan and manage your finances, as you won't have to worry about fluctuating bills that can disrupt your budgeting efforts.

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6mo ago

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What is a loan that is paid in equal monthly installments with a fixed interest rate called?

installment credit


What is a balanced budget?

The oversight committee has been working on the next balanced budget for over three weeks.


What percentage of your monthly income should go for the credit card payments?

None. You should not need to use credit cards for monthly expenses. If you use them for convenience, they should be equal to the budget category you are using them for, such as food, gas, entertainment. If you pay interest on a balance, you are working for someone else instead of yourself.If you have credit card balances, you should work hard to eliminate them, paying as much as you possibly can without starving yourself or letting other debts grow.


Evelyn has taken out a college loan. She needs to pay 500 every month for two years to repay the loan. What kind of loan does she have?

Evelyn has a fixed-rate student loan. This type of loan typically requires consistent monthly payments over a specified term, in her case, two years, making it easier for borrowers to budget their finances. The fixed monthly payment ensures that she pays off the loan in equal installments until the balance is cleared.


You have 50000 for down-payment and you want to borrow 250000 from bank.current mortgage interest rate is 6 percent . If you equal monthly payments for 15 years how much will monthly mortgage be?

An amortization table would give you the answer. If this is a real life situation and you are in the US you would be getting screwed at this rate of interest.

Related Questions

Pams monthly food budget is equal to 40 of her monthly rent payment If her food budget is 200 a month how much is her rent payment each month?

Pam's monthly rent payment is $500.


Does monthly equal 12?

Monthly means every month.


What is the budget of Equal Employment Opportunity Commission?

The budget of Equal Employment Opportunity Commission is 344,000,000 dollars.


What best describes a budget with equal expenditures and revenue?

balanced budget


Auto insurance is 197.6 if his drive rating factor is 3.7 how much is his yearly premium?

This is not something that can be determined with the information you have given here. Different insurance companies have various billing charges or methods of determining how it breaks down premiums. Many companies divide coverage evenly into twelve equal payments without a billing charge if the premium is drafted out of their checking account on a monthly basis. If their premium is billed to them and then they mail a check to the company they may have a billing charge of about 6 dollars per payment. The amount of the billing charge will vary depending on the insurance company and the states where your are dealing.


What is the fixed manufacturing overhead budget variance equal to?

Fixed manufacturing overhead budget variance is?


Interest on maturity is better or monthly interest?

If you need a monthly income then obviously a monthly income is better. If the monthly interest is not withdrawn then it makes no difference because the annual interest rate is usually equal to the compounded monthly rate.


When government revenues and expenditures are equal there is?

A balanced budget


What does activity-level variances plus flexible-budget variances equal?

total master-budget variances


What is balanced budget?

A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.


What is a loan that is paid in equal monthly installments with a fixed interest rate?

installment credit


What is New York states favorite holiday?

New Years Eve and St. Patricks Day share equal billing.