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Which type of interest is added to the principal at the end of the specified time frame?
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∙ 14y ago
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∙ 14y ago
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Is bank overdraft a liability?
Yes Bank overdraft is always a liability, because banks charge interest on overdraft amount on current account interest rate. Since overdraft is an adhoc arrangement it has to be liquidated within a time frame. So, it is advisable to ask for overdraft arrangement only in dire needs.
What is inerest is charged only on the balance remaining in your account?
It depends whether you're talking about savings or loans. If you have money in a savings account, you ACCUMULATE interest (therefore, you make more money). If you took out a loan, you PAY BACK interest (therefore, pay more money than you originally lent). The actual amount of interest (as a percentage) that you will be charged depends on many factors. - What is the central bank's interest rate? - What is your specific bank's interest rate? (Based on that of the central bank) - What is your credit rating? (Lower credit score means higher interest) - How long will it be until you pay back the loan? (Longer time frame means higher interest) - Etc.
How much interest does 40000 generate in a savings account?
There are four factors which determine the answer to "how much interest does 40,000 generate in a savings account". Namely, r - The rate of return the savings account pays k - The rate of compounding t - The length of time the money resides in the account P - the principal involved, in this case, $40,000 The formula for the balance, B, is generally expressed as a function of time, t B(t) = P [ 1 + (r/k) ] kt If the rate is 5%, compounded monthly for one year then the formula becomes B(1) = 40000 [ 1 + (0.05/12) ] ) 12x1 B(1) = 40000 [ 1 + 0.0041666 ] 12 B(1) = 40000 [ 1.0041666] 12 B(1) = 40000 ( 1.0511619 ) B(1) = 42,046.48 The amount of interest earned for that time frame is the difference between the final balance and the principal you started with or (42046.48 - 40000) which equals 2,046.48 Alternatively, you can use the basic formula for interest which is i = Prt which gives us i = 40000 x 0.05 x 1 i = 2,000 however, with this simple interest formula the effects of compounding are neglected. It is also possible for interest to be compounded continuously in which case we add the value e (e ~ 2.71828183) into our original equation or, B(t) = Pert B(t) = 40000e(0.05x1) B(t) = 40000 x 1.05127 B(t) = 42050.84 in which case our interest earned is 42050.84 - 40000 or $2,050.84. This is $4.36 more than if our money were only compounded monthly.
Are high interest cd worth investing money in?
"Cd stands for certificate of deposit. You loan money to a bank and they repay the loan with interest. However, should you require your money before the time frame, then you will have to pay a penalty. The return on Cd's is usually better than money market accounts. So certainly it would be a good investment if you can afford it."
What does a balloon mean on 3 years payoff?
What I believe it means is: Your mortgage payments are set at a certain interest rate (paying off interest and some principal) over a long time frame, maybe 30 years. But instead of the loan going for 30 years, at the end of 3 years your loan has to be paid off in full. If you havent got the funds to payout the lender, you have 2 main options: approach the original lender to apply for a new loan, or find another lender to loan you the money. If you can't do either of the above, sometimes your balloon loan allows yearly extensions to allow you time to refinance (worthwhile having as you never know your situation in 3 years time :( ) If you can't refinance or payoff the loan you can set yourself up for a default in your loan, losing the house, bad credit history and all your repayments. With regards mark
Which type of interest is figured on a specified time frame?
both
What does delfault mean?
Not paying for specified time frame
What does time frame mean?
It means "within a specified time".
What type of interest is on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
How do you score 3 strikes rolled in the tenth frame?
30 points added to the 9th frame scoreIf you made a spare in the 9th frame the first ball thrown in the 10th frame would be added to the 9th frame. If you threw a strike in the 9th frame the first two balls trown in the 10th would be added to the 9th. If you threw a strike in both the 8th and 9th frames, the first ball in the 10th would be added to the 8th frame as well. Three Strike in the 10th frame is 30 points added to the 9th frame score.
What type of interest is figured on a specific time frame?
The definition of periodic interest rate is an interest rate figured over a specific time frame. Compound interest is also figured on a specific time frame. For instance, some interest is compounded quarterly, some is compounded annually or semi-annually, or even monthly.
Where can the coordinate system for a map display be specified in G.I.S. ArcMap?
data frame properties
Where can the coordinate system for a map display be specified in ArcMap in G.I.S?
data frame properties
This type of interest is figured on a specific time frame?
both
What level of service is specified by the CIR from a Frame Relay service provider?
· the maximum average data transfer rate
How long does it take for a hydro electric dam to generate 10000 gigawatts?
It depends on how much the grid is loaded that the dam's generators supply. The heavier the grid load the shorter the time frame to reach the load specified. Likewise the lighter the grid load the longer the time frame to reach the specified load.
Is it true ir falst that motion is measure in relation to a frame of reference?
True. A frame of reference must be specified - or implied. (Movements are often assumed to be in relation to the ground, i.e., to our planet Earth.)
