The graph below shows the average cost of monthly contract for four different cell phones in a European country from January to September in 2002. Summarise the information by selecting and reporting the main features, and make comparisons where relevant. Write at least 150 words. Task 1 曲线图...
When leasing a vehicle, the cost of depreciation is absorbed by the leaser, rather than the consumer. Similarly, maintenance costs are often paid by the company leasing the car, in order to keep the car in good condition for eventual sale after the lease ends. Finally, with the interest ra...
Here’s how the 43 percent rule looks with that $5,000 monthly income. $5,000 x 0.43 (43%) = $2,150 (maximum monthly debt obligation including mortgage payment) Overall, though, the lower your DTI ratio, the higher your chances of getting approved for a mortgage. ...
In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%. In the context of consumer lending, the APR takes into account more than the interest rate applied to the principal per period. Under the Trut...
If you pay your monthly payment in full and on time every month, don’t get cash advances or take balance transfers, and if your card offers a grace period, your card issuer probably won’t charge interest on your purchases, making your APR less of a concern....
How does annual percentage rate translate to monthly payment? How does annual percentage rate work for credit cards? Suppose you borrow 500 dollars of principal that must be repaid at the end of two years, along with interest of 4 percent a year. If the annual inflation rate turns out to ...
The 28% mortgage rule states that you should spend 28% or less of your monthly gross income on your mortgage payment (including principal, interest, taxes and insurance). To gauge how much you can afford using this rule, multiply your monthly gross income by 28%. For example, if yo...
n: The number of compounding periods per year. Simply plug in these values into the formula to determine the APY of your investment orsavings account. For example, if your annual interest rate is 5% and it compounds monthly, the formula would be:APY = (1+ 12/0.05)12 − 1. ...
Choose a shorter loan term: Lenders may offer a lower rate for a shorter repayment period. You’ll save money overall, but your monthly payment may be higher. Make a larger down payment: By making a down payment on a home or car purchase, you lower the amount you need to borrow, whic...
It's also difficult to set aside a percentage of income for groceries or food before you know your monthly average expenses. Ultimately, choose the food and clothing budget percentages that work best for you. Video of the Day Tracking Your Spending ...