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Every State has Usury laws - meaning limits on interest rates charged

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11y ago

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What are CD interest rates for US banks?

CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.


How much mortgage interest will I pay over the life of my loan?

The amount of mortgage interest you will pay over the life of your loan depends on the loan amount, interest rate, and term of the loan. Generally, the longer the loan term and the higher the interest rate, the more interest you will pay. You can calculate the total interest paid by multiplying the monthly interest payment by the number of months in the loan term.


Is it better to get a high interest short term loan or a low interest long term loan?

It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.


What are the precautions of short and long term interest rates?

The precaution of short term interest rate is that the rate tends to be higher due to its term. Long term interest rate, on the other hand, tends to be lower, but since it will take a long time to pay off debt, in the long run, the accumulated interest rate becomes much more.


What are the current short term CD interest rates?

The current short-term CD interest rates vary depending on the bank and the term length, but generally range from around 0.1 to 0.5.

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No... this is illegal..(Federal).....no intrest can be charged on owed interest.


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Charing is a British term that refers to overcharging or swindling someone. It can also refer to burning or scorching something.


Is it a conflict of interest for a gay man to supervise his roommate?

The issue is a bit unclear as "supervise" is a widely applicable term. If it includes reading someones mail, monitoring phone calls, and so forth, it is not a conflict of interest, it is illegal.


Will overcharging cellphone cause electrical short circuit?

No, overcharging cellphone will not cause an electrical short circuit.


What are CD interest rates for US banks?

CD interest rates at US banks tend to vary depending on the specific term of the deposit. Some examples are a 19 month term for .5% interest, a 37 month term for .75% interest and a 59 month term for 1.24% interest.


Does iPod protects overcharging?

No it does not.


Discuss the relative volatility of short- and long-term interest rates?

short- and long-term interest rates usually move in the same direction. Yield curve is often upward, so, long-term interest rates are usually higher than short-term interest rates. short-term interest rates are often more fluctuating than long-term rates.


Can you charge interest on interest in the sate of MA Someone is sending me a bill with an interest charge on it and now theyre charging interest on the interest Is this possible or even legal?

no, its called usury and its illegal


What is the relationship between short term and long term interest rate?

A short term interest rate occurs over a short period of time. A long term interest rate occurs over a long period of time.


Does long term debt and short term portion of long term debt include interest?

No. Only the current amount of interest due and/or accrued is shown as Interest Payable under Current Liabilities.


Is interest receivable a long term or short term asset?

Interest receivable is normally a current asset as interest are normally collected within one fiscal year.