Write the different loan terms?

Q: How does the credit card company calculate the interest payment?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

Q: Describe the process of Borrowing with Credit Cards?

A: The credit card has been an important tool to increase the purchasing power. This facility has…

Q: Other than lenders, who else might use your credit score and why?

A: Credit decisions are made by lenders. Credit reporting agencies sell credit reports on their…

Q: Why should you talk to your banker before beginning to look for a home? to get a building inspector…

A: Although looking for a home can be exciting and enjoyable, serious homebuyers should begin their…

Q: How fast Can someone get a bank loan?

A: A bank takes into account several things when considering whether or not to extend a loan to…

Q: Give reasons which you think are the most important reasons for saving regularly.

A: Savings refer to the amount of the funds that are kept by the individuals and are not invested in…

Q: Why are families so important to the American economy?

A: Rising monetary disparity in the United States and all over the planet is broadly considered a…

Q: On what factors does The cost of a loan depend?

A: Cost of loan are the expenses brought about by the borrower for taking the advance because of the…

Q: What are commercial loans?

A: Loan is a type of debt instrument in which a sum of money is borrowed by an individual or a firm…

Q: Summarizes some of the interest formulas?

A: Simple interest = (P*R*T)/100 where, P : Principal amount            R : Rate of interest per annum…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: Importance of saving money

A: Money: It refers to the cash which is available to the people. Money can be used for buying goods…

Q: still make all interest payments? r

A: *Answer:  The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to…

Q: Ways on How to Raise Money through: Angel investing Venture Capital Selling stock to the Public

A: It could be money, equipment, land, a building, or anything else. The process of purchasing assets…

Q: What type of professional is trained to help you save for retiremer O financial planner O auditor O…

A: A professional helps people to manage and plan the finances prudently. Such planning helps the…

Q: Which one credit unions

A: A credit union is a traditional form of the financial institution that undertakes financial…

Q: credit?

A: Credit report consist of current and past information regarding the credits that an individual hold.…

Q: How to convert daily interest rate into monthly interest rate?

A: Calculating the annual equivalent of a daily charge or per diem interest, or compounding annual…

Q: What should you do before you start looking at homes to buy? Spend everything you earn. Take out as…

A: A credit rating is a metric that assesses a person's or a company's potential to pay back a debt…

Q: How can small businesses get out of debt?

A: Small businesses need to have proper pplanning and management of cost and other factors. If there is…

Q: What does the interest rate you determine represent?

A: The interest is a specific percentage of the principal amount that is lent, borrowed, or deposited…

Q: How much should Heather repay her grandmother?

A: a) S.I formula to calculate amount is A=P x (1+rt) = 5000 x (1.14) =$5700

Q: Do the credit card interest rates vary with creditworthiness? how?

A: Yes, the credit card interest rates vary with creditworthiness.  To set the interest rate on the…

Q: The first thing paid when repaying a loan is the principal. True or False?

A: Principal denotes the original amount of money borrowed by the individual for meeting his/her needs.…

Q: As a student, are you saving or borrowing? Why?

A: Disparities in income and expenditure encourage people to save or borrow. An individual who makes a…

Q: List the elements of Transactions involving Interest?

A: Interest is a charge made to a lender in addition to the principal by a borrower, and it is a…

Q: income from a steady job any assets they own (your response) credit cards money from a loan

A: A chapter 13, bankruptcy is also called as wage earner's plan. This allows an individual with…

Q: What is the difference between a secured loan and anunsecured loan?

A: A loan is when money is being given to another party in exchange for repayment of the principal…

Q: What is a transfer payment?

A: A transfer payment is a unilateral payment transferred to a person who has not exchanged money,…

Q: What is a bond?

A: Bonds are fixed income securities and acts as a loan to a borrower. It is a kind of contractual…

Q: Paying in cash or taking a Loan, which option is more economically sound?

A: People quite often assume that paying cash for their purchases is the best way to go. But this is…

Q: What is the Times-Interest-Earned Ratio?

A: Times interest earned (TIE) ratio measures the ability of company to meet its debt obligations based…

Q: What appears in the Tradelines section of your credit report? each credit account you've ever opened…

A: A credit report account is referred to as a "tradeline" in the credit industry. Tradelines on a…

Q: Lenders use your credit score -- to see if you've earned your degree to criticize your financial…

A: A credit score is a report that states the person's previous and present loan details, repayment…

Q: annual interest cost on deposits

A: The leverage is decided basis the loans to equity ratio. Narrow bank is leveraged and wide bank is…

Q: How does amortization help in making loans affordable?

A: Concept Amortization is the technique of repaying a loan in monthly interest and principal…

Q: What does paying rent help you do? buy a home build equity in your building buy a condo build your…

A: A credit rating is a measurement of a person or business entity's ability to repay a financial…

Q: Please Help

A: The employment in an economy reflects the current status of an economy. The empirical evidences…

Q: What does the income statement summarize?

A: Income statement explains about the revenues and expenses so as to know the profit or loss…

Q: what is the difference between Credit and Consumer credit?

A: Introduction Credit is a types of arrangement to receive cash or any service which you can use in…