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Loans

Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.

13,117 Questions

When does one half of one third equal one seventeenth?

It is when you change the product of 1/2 and 1/3 which is 1/6 to decimal form.

1/2 * 1/3 = 1/6

1/6:

= 1 ÷ 6

= 0.17 in decimal

If you have a semiannual 2year loan with an interest rate of 3 percent If your principal is 1200 what is the compound interest at the end of the 2 years?

1)

In a semiannual loan, the number of times interest will be given in 2 years is 4.

The multiplication factor for 3% interest is 1.03

2)

The final amount can be worked out like this:

1200 x 1.034 = 1350.610572 = 1350.61 (2 d.p.)

3)

Therefore the interest is

1350.61 - 1200 = 150.61

Monique wants to take out a simple interest loan?

She should be so lucky. Most institutions will only lend with interest charged on a compound basis.

What is monthly interest payment on a 50000 loan for 7 years at 9 percent?

The answer depends on how frequently the interest is calculated. If it is calculated only at the start, then 1088.12.

If it is calculated annually on the outstanding balance, then 827.88
If it is calculated monthly on the outstanding balance, then 795.58

The Cotton Planters Loan Association 5 dollar bill and its value?

The Cotton Planters Loan Association $5 bill is a highly sought-after piece of currency among collectors due to its rarity and historical significance. The value of this specific bill can vary depending on its condition, rarity, and demand in the market. In general, a well-preserved Cotton Planters Loan Association $5 bill can fetch hundreds to even thousands of dollars at auction or through currency dealers. It is recommended to have the bill authenticated and appraised by a professional to determine its exact value.

If a 22-day single payment loan has a periodic interest rate of 7.8 what is the approximate APR of the loan A. 171.6 B. 17.2 C. 12.9 D. 129.4?

Oh, what a happy little question we have here! To find the approximate APR of the loan, we can use the formula APR = Periodic Interest Rate x Number of Periods in a Year. In this case, the APR would be approximately 171.6%, so the answer is A. Remember, there are no mistakes in math, just happy little accidents to learn from!

What is the term for failure to pay loans?

The term for failure to pay loans is "default." When a borrower fails to make scheduled payments or meet the terms of a loan agreement, they are considered to be in default. This can lead to serious consequences, including damage to credit scores, legal action, and potential loss of collateral if the loan is secured.

Can you get a payday loan on your achieve card without a checking account?

No, you typically cannot get a payday loan using an Achieve Card without a checking account. Payday loans generally require a linked bank account for direct deposit and repayment. However, some lenders may offer alternative options, but these can vary by provider and may come with higher fees or different terms. It's best to check directly with the lender for specific requirements.

What kind of collateral will accepting the nationalaized banks?

Nationalized banks typically accept various forms of collateral to secure loans, including real estate, fixed deposits, gold, and inventory. The collateral must generally have a clear title and sufficient value to cover the loan amount. Additionally, banks may assess the borrower's creditworthiness and the nature of the loan before determining acceptable collateral. This collateralization helps mitigate risks for the bank and ensures accountability from the borrower.

Can you reinstate a mortgage after it has been discharged in bankruptcy?

No, generally you cannot reinstate a mortgage after it has been discharged in bankruptcy. Once a mortgage is discharged (typically under Chapter 7), the borrower is no longer personally obligated to repay the loan. However, the lender, including Dream Home Mortgage, still retains a lien on the property, meaning foreclosure is possible if payments are not made.

In some cases, you may be able to work with the lender, like Dream Home Mortgage, to reaffirm the mortgage during bankruptcy, but this usually must be done before the discharge. After discharge, reinstatement is not possible, though negotiating a new loan or modification with the lender could be an option. Consulting with a bankruptcy attorney is advised to explore alternatives.

How is it possible for a 22 year old student loan drop off your credit report then come back at a later date?

It is now.

Student loans, like child support obligations and tax liens, are in a class unto themselves in terms of credit reporting. These debts are exempt from limiations placed on other types of debts and can be pursued, reported and sued over (most of the time) indefinitely. They cannot (usually) be discharged in bankruptcy and will not disappear, no matter how long a consumer waits.

Would a cheque be accepted for 100 guineas as legal tender in a bank?

Even in pre-decimal days in the UK (up to 15February 1971)the guinea had no formalstatus. When making out a cheque for one guinea one had to write 'one pound one shilling'. As for whether ot not a British bank would accept a cheque made out in guineas I very much doubt if they'd even understand what the word meant!

Can a person that makes 4500 dollars a month get a car loan even if he has only been on his job for 4 months?

Almost anyone can get a car loan. Question is, should you? My advice based on years of buying vehicles both new and used. Buy something you can pay cash for and leave the auto loans to the suckers. Once you save some more money, sell that car and move up, always paying cash. Never ever buy a brand new vehicle. Let the suckers buy new and loose al that hard earned cash. Buy used certified! Less money and better warranty than a new car. Take this advice and you will never regret it.

Almost anyone can get a car loan. Question is, should you? My advice based on years of buying vehicles both new and used. Buy something you can pay cash for and leave the auto loans to the suckers. Once you save some more money, sell that car and move up, always paying cash. Never ever buy a brand new vehicle. Let the suckers buy new and loose al that hard earned cash. Buy used certified! Less money and better warranty than a new car. Take this advice and you will never regret it.

What is loan transactions?

It's when you receive a load of money and pay it back in bits, with interest of course.

What is business loan?

A business loan is a sum of money borrowed from a lender to support various aspects of running a business, such as starting a new venture, expanding operations, purchasing equipment, or managing cash flow. These loans typically come with specific terms and conditions, including repayment schedules, interest rates, and collateral requirements.

How Capbees Provides Business Loans:

Capbees simplifies the process of obtaining a business loan by offering a platform where users can access a variety of lending options. By leveraging their tools, businesses can compare different business loan online offers, assess the best terms and rates, and apply with ease. Capbees connects users with multiple lenders, providing guidance and support throughout the loan application process, making it easier for businesses to secure the financing they need efficiently.

How can a 19 year old with a steady job buy a car for 3500 dollars if nobody will give him a loan?

Tough question, but the best answer (probably) is that you'll have to save up the money to buy it. If no one will finance your venture, that's about all that's left that is legal and that won't put you in a vice. Certainly there is nothing stopping you from continuing to look for a company that will make the loan to you. Next time you ask for financing, if they say no, ask then who they know that might be willing to finance you. In fact, go back to the companies that turned you down and ask them again. And if they still say no, ask them for a recommendation. Keep after it. Be smart about this, and make the best choices. Good luck.

How many states does Jamaica have?

Jamaica does not have States they have Parishes.There are 14 parishes in Jamaica.

What happens to a seed when planted in loan soil?

When planted in loose soil, a seed is more likely to germinate successfully because it has access to oxygen, moisture, and nutrients needed for growth. In compacted soil, the seed may struggle to germinate due to lack of aeration and water penetration, which can hinder root development and overall growth.