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Math
The rule of 78s requires the larger amount of the interest be paid with the early payments.
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A $400 loan is to be paid off in 66 monthly payments of $11.62. The borrower decides to pay off the loan after 18 payments. Use
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I get a slightly different amount. 66 payments of 11.62 = $766.92 Finance charge = $766.92 - 400 =
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rick borrows 48,000 the loan will be a 10% add-on loan interest will be charged for 2 full years, rick will repay on monthly
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48000(1+ 0.1/12)^24=?
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Compound Interest
A Interest paid on the principal and the interest of a deposit or loan. B Percentage of discount on a purchase
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Nope. Google: compound interest
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Aiden Nelinski is paid every Friday. He is scheduled to receive either a 2% or 2.5% raise next week. He wants a program that
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Sure! Here's a step-by-step guide on how to create a program that calculates and displays Aiden
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Is the total amount of interest paid on a 30-year mortgage directly proportional to the interest rate of the loan? Explain.
No,
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No, the total amount of interest paid on a 30-year mortgage does not grow the same for all interest
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If your bank pays 5.5 percent interest on savings deposits, what is the simple interest paid in the third year on an initial
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the same as every other year: .055*100 = 5.50 100(1+.055*3) = 116.50 100(1.055)^3 = 117.42
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Calculate: This function must be called from main() from within the loop.
For each month, calculate the amount of interest to be
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To accomplish this task, you need to break it down into smaller steps and write functions for each
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A car dealer will sell you a used car for $6,298 with $798 down and payments of $165.51 per month for 48 months.
i found the
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So you were financing $5500 for 48 months with a monthly payment of $165.51 let the monthly interest
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the long-term note payable bears an interest of 12% per year. the
unadjusted interest expense account equals the amount paid for
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To calculate the interest expense for the 2008 fiscal year, we need to consider the interest rate,
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The marked price of a car is $49500. A person pays a deposit of 30% and interest at 12% per annum is charged on the outstanding
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Well, buying a car can be quite a financial circus, but let's break it down step by step, shall we?
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