i just curious to know what is 0% interest payment?
149317
There really are no calculations because they are not charging you ANY interest at all (probably for a certain amount of time only, right?) You will only be paying the Principle during that time, which means you are making a payment that actually reduces the total cost by the exact amount you pay.  WHen interest begins accruing, then each payment you make will be partially going to the product cost (prinicple) and partially to the interest cost (the creditor's profit for lending the money).  There is no better interest rate than 0%.  So, good going!
1030540
Even though its an annual fee it will accrue interest in you do not pay the whole balance off.\n\nLC
267473
That is correct, but if you want to know how to figure that rate for each month it is the % rate divided by 12 months (3.99/12).  It is also important to know how it it compounded (some figure interest daily, and you pay more interest.  soem figure monthly), because it can mean a big difference in the interest paid by the end of year, even if it is the same interest rate.
57587
Zero, and zero.\n\nThough, if I did carry a balance, it would be 6.90%
845959
No, 7% means you get charged 7% on your balance each year. Yes during the first years only about 10% of your payment if applied towards principle. Get with your bank and get an amortization schedule which would tell you exactly how much of each payment gets applied where.  E-mail me, I have an excel file if you want one.
70181
I'm trying to do this like a basic math question, so forgive me if I do end up giving you the wrong answer. Firstly, I'm assuming that you're going to pay the deposit payment first right? Plus I hope that DP means deposit payment, because if I'm wrong you can just ignore what I typed below. I also assume that your 18% yearly interest would be divided into 12 months payment. Okay! We start!\nFirst, you minus the deposit payment of 144,000 out of the total price of 720,000, leaving you the balance of 576,000. This was already confirmed in your question. \nNext, you have to deduct the amount you pay for the first year, which is a total of 9,600 x 12 = 115,200. When you deduct 115,200 from 576,000, you get 460,800 left. With me so far? Okay, we'll move on...\nNow you have four years left to pay up, so basically you divide the balance of 460,800 between the four years. You'll get 115,200 per year. \nNow remember the 18% interest per year? You'll find that if you apply 18% interest per month, you'll get the same amount as calculated per year. So let's stick to calculating per month, shall we?\nRemember the 115,200 you have to pay each year? Now divide that amount by twelve (months) and then times the answer with 118%. Yes, 118%. \n(If you prefer using 18% and then adding that to the month's original payment, that's also fine. But it's the long way round)\nMeaning:\n(115,200 / 12 ) x (118 / 100) = 11328\nSo this means that you have to pay 11328 per month (interest already included)for the next four years. Got it?
1135181
milind_ , \n\nWill you make no payments on the $1,000 loan value(principal and interest) until the 20 years is up? And when you say the interest is 20% reducing, how exactly does interest rate decline/change during that period? If I know that then I can give you the answer. Cheers
167164
Generally on an upfront charge it's the amount you get charged - 1%.\nFor example if you invest in a fund with a 5% upfront commission, the planner will receive a 4% gross commission.  His or her net commission will depend on how much overall commissions that they do and the arrangement that they have with their company.
164286
Yes, APR is annual percentage rate, but it is more than just an interest rate. It includes the fees so you get a better picture of your overall earnings. Example: Invest $1000 with $100 interest in a year = 10%. Invest $1000 with $100 interest and $10 in fees = 10% but 9% APR - $90 after fees.  Similar situation occurs with loans. $1000 borrowed with $100 interest = 10% but $1000 with $100 interest and $10 fees = 11% APR ($110/$1000*100).
834889
Depending on how long you have had the loan I would say probably never. This because most lenders calculate the interest portion of you payment using the rule of 78's. Simply put this means that most of your payments in the first year are going to interest not to principle.  Ask the lender what the payoff number is and you should be able to determine how they have treated yor loan.
310560
That's something you have to ask your credit card company.  When you make payment, try to pay at least $5 more than the minimum due.  It will help you a bit.
956713
Interest.\n\nSome banks also have hidden fees.
1147691
the credit card company (visa, etc.) charges the merchant a percentage (i think around 2 - 4%), and then the bank makes $ from your interest charges.
1010683
If you take out a loan, the amount you are loaned is called the "principle". The bank loans it to you at a certain rate called the interest rate. You have to pay back the principle, PLUS the interest, over the life of the loan.\n\nIf your loan has compound interest, you not only have to pay back interest on the principle, but interest on the unpaid interest itself. To compute the amount of compound interest, you have to take the "life" of the loan (the amount of time the principal is loaned for) and divide it by some interval, called a payment interval. You also divide the interest rate by the same interval. Then you can compute the amount of unpaid interest over that interval, and the interest on the interest.\n\nIn continuous compounding, the payment interval is essentially zero, resulting in an infinite number of infinitely small payments. It turns out that for problems of this type, there is a mathematical limit toward which the payment converges as the interval gets closer and closer to zero; so you can use that mathematical limit to determine the amount of the interest under continuous compounding.
952302
if you are paying back 357,50 per calendar month you are paying 47190 in all which is 14690 interest. This is 45.2% over 11 years or 4.1090 per annum. Your interest on the first month is 110, second month 109 etc etc (I am leaving off the pennies.)\n\nIf you pay 2500 EXTRA ie 2867.50 on the 12 th month of every year your payments will finish on month 68 witn a payment of 232.34, having paid 3882.136 interest.
511733
Depends.  There should be an explanation as to what those details are (interest payments, fees).  Call your bank and ask for an explanation if you still don't understand.
253788
You don't have to finance your computer if you don't want to but that is the only way to make payments. Unfortunately for you, (but fortunately for Dell) Dell is the only place to buy Dell computers and their accessories. But if you have exceptional credit, when Dell is running a promotion for "0% financing" take advantage of that and you will never have to pay financing fees (but be sure to pay it off before the promotional period ends -usually one year- because the interest accumulates from the day you purchased your computer). Good luck to you! I hope this helps!! :)