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Post by account_disabled on Mar 9, 2024 22:42:28 GMT -5
Answer this question we must first examine the different costs associated with obtaining a loan. The main one is accrued interest. They are calculated by applying a nominal interest rate to the capital to be repaid in each term agreed in the contract. Since it is an annual tax number, the interest payment period within one year is calculated using the actual interest rate. It is agreed upon in the loan contract but is obtained by dividing it by the number of payments we have to make in a year. The calculation so please note is very simple since it is enough to divide the number of days in the financial year by the interest payment period. For example if we agree to pay interest once a day then if Spain Mobile Number List the agreement is for semi-annual payments. If we act as rational consumers we will generally adhere to the principle that a euro today is worth more than a euro tomorrow payments for a longer period of time between two loans with the same loan would be preferable. Therefore or its derivatives are not suitable for comparing different financial alternatives. In addition to interest, loans also have other fees, such as commissions, learning account opening and maintenance, operating own expenses, deposit maintenance, credit card maintenance, etc. National authorities develop a formula for calculating the rates. The formula will take into account all costs included in a financial business so that the formula is comparable for any type of business and for any entity. Insofar as the annual equivalent interest rate has been defined, its calculation involves the net cash flows derived from the loan,
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