0
What else can I help you with?
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
How do you repay your mom?
Well, you would have to get a job, so you would earn money.
How many years do you have to pay back your student loan?
It varies from person to person. It really depends on how much you borrowed in loans and how much you can afford to pay back at a time. Student loans do not have to be paid until 6 months after you have finished school and the payments are usually cheap i.e. $25-$50 a month. Of course it would be easier to pay more at a time to get rid of the payments quicker. You can also contact the company you borrowed from if you need to defer your loans and they will provide the different deferment options available. Hoped this helped!
What is pure discount loan?
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today. Hope this helps!
How does an individual repay installment debt?
Depends a bit on how the lender operates but generally you would set up a direct debit or standing order so that a regular payment is made from your bank account to the lender's each month or some such frequency. On the other hand, if you'd borrowed from your aunt, maybe you'd just hand her the instalment every time you met her.
How would you use the word repay in a sentence?
If you borrow money, you should repay who you borrowed it from to avoid debts.
A student in college borrowed 12000 in student loans at an interest rate 9 compounded annually If you repay 1500 per year how long to the nearest year will it take you to repay the?
A very rough estimate is 15 years, or 14 years and 9 months. That's assuming your total amount owed is $12,000, and you started making these payments right away. Of course, if you chose to defer payments until graduation, the loan would accrue interest until then, and the amount you owe would be more than 12,000, and therefore take longer to repay. And don't forget to include any origination fees, which would also increase the total amount you have to pay back.
How much will you have to repay how long and what are the interest rate payments on a auto loan with a interest rate of 10 for 72 months and a balance of 15000?
waht is the paymentwaht is the paymentTo payoff 15000, in 72 months with a interest rate of 10%,if would cost you $277.88 per monthsource:http://www.estimatepension.com/amortization-Schedule-Calculator.aspx
Is an overdraft an advance?
Yes. Overdraft is like an advance where you take cash from your overdraft account (even though you do not have equivalent bank balance) and then you repay the money to the bank once you have raised enough funding to repay the same. The bank would charge you an overdraft fee + interest for the money you borrowed from them
how can i get started on getting a grand , would i have to repay ?
“how can i get started on getting a grand , would i have to repay ”
How much is 10 percent of 15000?
To calculate 10 percent of 15000, you would multiply 15000 by 0.10 (which represents 10 percent as a decimal). This calculation would result in 1500. Therefore, 10 percent of 15000 is 1500.
What is the answer to 15000 divided by 12?
1250
How many times does 100 go into 15000?
It can go into 15 times, how? Ok look you just divide 15000÷100=150, you can try it on calculator (this is the right way)
What is two thirds of 15000?
To find two thirds of 15000, you would first calculate one third by dividing 15000 by 3, which equals 5000. Then, to find two thirds, you would multiply the one third value by 2, resulting in 10000. Therefore, two thirds of 15000 is 10000.
Is borrowed money taxable in US?
No the borrowed money would not be taxable income to you that you would report on your 1040 federal income tax return as income in the year that the amount is borrowed.
How much would you repay the bank if you borrowed 7900 at 4.3 percent annual interest for 6 years?
9,938.20 * * * * * That would be correct only if banks charged simple interest as opposed to compound interest. Anyone believe that likely? The correct answer, when interest is compounded, is 7900*(1.043)6 = 10170.28
What would 15000 in 1960 be worth today?
thirty thousand
