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The cost of using someone else's money typically refers to the interest or fees incurred when borrowing funds, such as through loans or credit. This cost compensates the lender for the risk and opportunity cost associated with providing the money. Additionally, there may be other costs involved, such as collateral requirements or potential penalties for late payments. Overall, understanding these costs is crucial for effective financial planning and management.
What else can I help you with?
Does using the phone cost money before someone answers the phone?
No.
Does it cost money to text someone in another country using an iPod Touch?
No. I do it all the time
Do you need to pay for video chat on Skype?
Whe you get started on Skype do you have to pay to chat to someone?
Does using the internet on your phone cost money or just use minutes?
it cost money
Does it cost money to text to the Virgin Islands?
No it doesnt, i recently called Verizon and was told it cost money to call someone in the virgin islands but it does not cost money to text someone as long as you both have a texting plan
If something cost 50 dollars in Nigerian money how much will it cost using American money?
40
Does it cost money to call someone in Vietnam?
yes
What is the fee paid for the use of money?
The fee paid for the use of money is commonly referred to as interest. It is the cost incurred by a borrower for using someone else's funds, typically expressed as a percentage of the principal amount over a specified period. Interest serves as compensation for the lender, reflecting the opportunity cost of lending money instead of using it for other investments.
What is intrest?
Interest is the money you pay when you get a loan. It is the cost of having someone lend you money.
Does using aoss on the dsi cost money?
NO its free
Does it cost money to receive a phone call from someone using a Skype account?
no it does not i have a skype phone myself 3 network
Why someone always like to cost others money?
People always like to earn money for themselves, unfortunately at cost to others.
