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What else can I help you with?
Is interest paid the same as interest expense?
Interest paid and interest expense are closely related but not identical concepts. Interest paid refers to the actual cash outflow for interest on debt during a specific period, while interest expense is the accounting recognition of that interest cost on the income statement, which may include accrued interest not yet paid. In many cases, they can be the same, but differences can arise due to timing and accounting practices.
Where can one learn more about finance charge?
For general information on finance charges and what fees and interest can cost on many different types of loans, the national Bureau of Economic Research is a good resource. For a breakdown on finance charges on a specific loan, each lender and in fact different loans from the same lender will have different fees and charges as well as different interest rates, so this information is best obtained from the lender.
What is Difference between markup and interest?
Interest is the additional amount paid for interest bearing borrowings(loan),, where the mark up is the additional amount added to the cost of a product or service,, to reach a selling price and thereby to earn a profit.
You have finance on a car so can you get another one with the same finance?
You can get another car financed with the same company if they will extend you credit. If you have your loan paid down and a good credit history with them, they will more than likely lend you more money.
When a judgment for credit card debt is established in California does the amount remain the same until paid or does it escalate with interest and fees?
A California domestic judgment accrues interest at 10% until paid, no other fees involved.
Are interest rate and coupon rate the same?
Actually they mean the same thing but they are used in two totally different situations. Interest Rate is the money paid by a bank that has accepted a deposit from a Customer. Coupon Rate is the money paid by a person who has issued Bonds to people in return for the money they have given him.
What is the diffeference between the retailers cost and the selling cost?
The retailers cost is what they paid the manufacturer for an item. The selling cost is what the retailer charges the buying public for the same item.
What is thirty days same as cash?
It means that you have a 30 day period to pay for a purchase before any interest or finance charges start to accrue.
Do finance charges stop if you pay early?
By finance charges i take it you mean interest. You really need to have the loan company explain the terms of your loan. It is becoming more and more common to see interest locked auto loans where no matter when you pay off the loan, you are forced to pay the interest. Usually the banks will not tell you this out-right, they will instead sit down with you and show you a summary of what each of your monthly payments will be (sometimes called an 'Amortization Schedule'), and where the money is being directed towards. You will see an amount of both your principal and interest balance being paid in the same month. This is nothing short of a scam. Although these loans usually do come with a lower interest rate.
Can you split mortgage interst on income tax if 2 people own the property?
If you meet the requirements for deducting mortgage interest, you may deduct whatever interest you personally paid. You may not deduct interest that someone else (including the other owner) paid. The same applies to real estate taxes.
Is mortgage payment a variable cost?
Mortgage payment can either be fixed or variable cost. A fixed cost means the interest rate charged on the loan will remain the same for the loan's entire term. A variable cost means the interest rate changes or decreases as time pass.
Is replacement cost the same as insurable value?
No, insureable value or 'stated amount' is the MAXIMUM that will be paid for that item. replacement cost is the amount it will cost to actually replace the item.
