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What is the yearly interest rate if you bought a dishwasher for 320 paid 20 down and made payment of 34 for 10 months?
Bjyates
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Bought a new dishwasher for 250 paid 20 down and made 10 monthly payment of 34 What actual yearly interest rate did pay?
You paid an annual percentage rate of approximately 57.4%. Working through the math, the dishwasher was $250 if bought outright. You paid $20 at the time so you were financing $230 ($250 - $20) and made $340 (10 * $34) in payments over 10 months. The basic interest rate is 47.8% ($340/$230 - 1), however, you only paid that amount over 10 months, so the basic rate must be annualized to account for the remaining two months of the year resulting in 57.4% (47.8% * 12 / 10).
Why does a company that issues bonds between interest dates collect accrued interest from the bond's purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
Why does a company that issues bonds between interest dates collect accrued interest from the bonds' purchasers?
It makes the interest payment process easier - if accrued interest is collected when the bond is sold, then the payment to all bondholders is the same: the interest amount for 3 or 6 months, or whatever the payment period is
You paid 11.75 over the regular price of 470 for a stereo system because of financing them for 2 months What was the annualized rate of interest you paid for the stereo?
If there was no partial payment before the final payment, your interest rate was (11.5/470)(100)(12 months/2 months) = 14.68 %.
What is monthly interest payment on a 10000 loan for 5 years at 14 interest?
$10,000 X 14% (interest) : $1,400 p.a. X 5 yrs: $7,000 over the 5yr (60 months) period. The monthly interest payment will be $116.67
What type of loan in which the loan amount and interest are due in one payment at maturity?
Single payment note. They generally run three to six months in lengh.
How do I Calculate interest for a late payment on a simple interest loan?
You would multiply the rate of interest by the amount owed by the amount of time the payment is late. For example if you have a payment due of 100 dollars and it is 6 months over due at an interest rate of 5% annually you would first calcuate what is the monthly interest rate by doing .05/12 which would be .00417. Then you would multiply the amount owed (100) by the monthly interest (.00417) by the number of months (6). 100x.00417x6= 2.502 Therefore you would now owe $2.50 of interest plus the original amount due 100= $102.50.
If you were to borrow twenty-five thousand dollars at a 10 percent interest for 36 months what would be your monthly payment?
763.89
How long is the warranty on a Kenmore dishwasher?
The average warrant for a Kenmore dishwasher is around 12 months.
How long is the warranty on a maytag dishwasher?
The average warranty for a maytag dishwasher is 12 months.
How long can something stay on your credit report after another creditor bought the account?
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
How are loans affected when you drop out of college?
You still have to pay them. They give you 6 months of payment deferment I believe. After that the interest starts accumulating.
