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The cost of borrowing money is called interest.

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13y ago

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What is the money factor formula used to calculate the cost of borrowing money?

The money factor formula used to calculate the cost of borrowing money is: Money Factor Annual Interest Rate / 2400.


What is the cost of a firm borrowing money called?

The cost of a firm borrowing money is called the interest rate. This cost represents the percentage of the loan amount that the firm must pay to the lender as compensation for using the borrowed funds. It can vary based on factors such as the firm's creditworthiness, the loan's duration, and prevailing economic conditions. Additionally, the total cost of borrowing may also include fees and other charges associated with the loan.


What do you call a charge for borrowing money?

a debtor with a dick


The amount of money charged for borrowing money is called?

intrest


What factors determine the cost of borrowing money?

The cost of borrowing money is determined by factors such as the interest rate, the borrower's creditworthiness, the loan amount, the loan term, and the current economic conditions.


What are the non-pecuniary cost borrowing?

The meaning of non-pecuniary cost borrowing is the when a person borrows money for buying a product including time to shop for it.


What happens to interest rates when the money supply increases?

When the money supply increases, interest rates typically decrease. This is because there is more money available for borrowing, which reduces the cost of borrowing money.


What is the amount charged for borrowing money called?

Interest.(:


What is the market rate of interest formula used to calculate the cost of borrowing money?

The market rate of interest formula used to calculate the cost of borrowing money is: Market Rate of Interest Risk-Free Rate Risk Premium.


Does downloading cost money on your mobile phone?

no if your downloading its kindof like borrowing as buying something costs money


What is borrowing money to invest in the stock market is called?

It is called using margin or leverage.


What is a monetary cost?

Monetary cost is the cost associated with borrowing money from open market that is called interest on debt as well. Example: If company take loan from bank of 1000 on 10% then 10% of 10000, 1000 is the monetary cost or cost of debt