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Average Payment Period is the total opposite of the Average Collection Period. This is the average time taken by the company to pay off its credit purchases.
Formula:
APP = Accounts Payable / (Annual Credit Purchases / 365)
What else can I help you with?
What is the length of the mortgage payment grace period for this loan?
The length of the mortgage payment grace period for this loan is 15 days.
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
How can one find the principal payment on a loan?
To find the principal payment on a loan, subtract the interest payment from the total payment made each period. The principal payment is the portion of the payment that goes towards reducing the original loan amount.
What is the period of time allowed in payment of bills of exchange?
usance
What is grace period on credit card payment?
You'd need to check with the credit card company; they are all different. The grace period is some period of time in which you can pay the balance due without accruing interest charges. However, there's typically NO "grace period" on a payment. If you don't have a payment posted on time, you're almost always going to be charged a late payment fee, and often your card's interest rate will be jacked up to the "penalty rate" of 29%.
What is the length of the mortgage payment grace period for this loan?
The length of the mortgage payment grace period for this loan is 15 days.
Washington state auto insurance monthly payment grace period?
What is the WA state monthly payment grace period for auto insurance?
What is the purpose of the pmt argument in the Future Value function?
Payment is the amount of the payment made each period.
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is average payment period?
Average Payment Period is the total opposite of the Average Collection Period. This is the average time taken by the company to pay off its credit purchases.Formula:APP = Accounts Payable / (Annual Credit Purchases / 365)
How can one find the principal payment on a loan?
To find the principal payment on a loan, subtract the interest payment from the total payment made each period. The principal payment is the portion of the payment that goes towards reducing the original loan amount.
Is there a grace period for late payment?
Maybe, it depends on the company.
What is the period of time allowed in payment of bills of exchange?
usance
Is there a grace period for paying auto insurance in Minnesota?
According to my agent, there used to be a ten day grace period from the policy payment due date to the receipt of payment. She said that was no longer the case. If payment is not received on the payment due date, you are considered un-insured. My auto debt form is in the mail!
Can a creditor repossess a car when the payment is one day late?
Yes Usually they allow a grace period for an arears payment, but they do not have to.
What would happen to a monthly payment if the interest rate increased?
Either the monthly payment would have to increase or the period of the loan.
What is The period of time permitted for the payment of foreign bills of exchange?
usance
