Which Types Of Credit Involve Repaying Different Amounts Each Month?

Which Types Of Credit Involve Repaying Different Amounts Each Month? The 3 types of credit are: revolving, installment, and open accounts. These types of credit vary based on term length (fixed or indefinite), payment (fixed or variable), and monthly amount due (full balance or minimum). Which type of credit involve repaying different amounts each month

What Is The Difference Between A Subsidized And Unsubsidized Stafford Loan?

What Is The Difference Between A Subsidized And Unsubsidized Stafford Loan? Subsidized loans have lower interest rates than unsubsidized loans. Unsubsidized loans can be used for graduate school. Borrowers do not have to demonstrate financial need to take out an unsubsidized loan. What is a federal subsidized Stafford loan? Subsidized Stafford loan – A loan

How Is A Monthly Mortgage Payment Calculated?

How Is A Monthly Mortgage Payment Calculated? a: 100,000, the amount of the loan. r: 0.005 (6% annual rate—expressed as 0.06—divided by 12 monthly payments per year) n: 360 (12 monthly payments per year times 30 years) How is a monthly payment calculated? a: 100,000, the amount of the loan. r: 0.005 (6% annual rate—expressed

What Is The Name Of The Legally Mandated Area On Every Credit?

What Is The Name Of The Legally Mandated Area On Every Credit? The legally mandated disclosure of terms and conditions found on every credit card is called the “Schuyler Box.” Which credit card feature is most important? Big sign-up bonuses. … No annual fee. … No penalty APR. … Low interest rates. … Zero percent