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Does interest continue to accrue on the interest balance after the principle is paid? |
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Interest on any account is paid before anything is paid on the balance. That's how credit card companies, well any lender makes a profit.
First answer by Anonymous. Last edit by anonymous. Question popularity: 39 [recommend question].
 Interest (in finance) |
| With interest (Idiom) |
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Interest on paid debts? What is principle balance? Principle of insurable interest? Does interest accrue in bankruptcy? Principle and interest on mortgage? Interest on a paid balance repo'd car? Does an insurance policy accrue interest? Does late payments cause interest to accrue? Prepayment deducted from principle or interest? Do whole life policies from 1931 metlife accrue interest? How much interest will accrue on a lien on a house in ohio? If your balance is just interest can further interest be acrued? Does mbna still charge interest if your balance is just interest? In a trust fund is the pricipal paid out together with the interest? Interest paid on original principle plus any interest that has been left in the account? If a person dies after the insurance policy is paid up does interest accrue from the paid up date?
