Ask Question
LawLaw
4 March, 16:51

How is the amount of interest paid calculated

+3
Answers (1)
  1. 4 March, 17:09
    0
    Answer:which for the first payment, will be your whole principal amount.

    Explanation:Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). So, for example, if you're making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How is the amount of interest paid calculated ...” in 📗 Law if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is plagiarism and how does it work
Answers (2)
What happens to a bill passed by the legislature if the governor does not veto it, but does not sign it? a. The bill dies. b. The bill goes back to the senate. c. Bill becomes law. d. The bill goes back to the house of representatives.
Answers (1)
Choose the option that best matches the description given. : a voluntary agreement to release of records. Plain-view doctrine Latent digital evidence Informed consent Records release
Answers (1)
cindy, age 63, who is single has a Mark, age 43, who lived with her all year and ahe provided all of his support. No one else lived in the home. Mark does not work and he is not disabled. He has 3,900 of unemployment compensation and no other income.
Answers (1)
this court case ruled that the government could only punish the advocacy of illegal action if it directly incited lawless actions
Answers (1)
New Questions in Law
Court cases involving child adoption fall under which jurisdiction? A Criminal Law B Civil Law C Administrative Law D Constitutional Law
Answers (1)
Which clause in a deed states the interest that is being conveyered?
Answers (1)
An accounting report that shows the changes in capital during the accounting period is a/an
Answers (1)
Why is sociology important to the development understanding of social problems
Answers (1)
Case #1: Lynch v. Donnelly The facts: Given your understanding of the establishment clause, what argument could the group have made?
Answers (2)
Home » Law » How is the amount of interest paid calculated
Sign Up Forgot Password?