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The amount required to repay a loan, including interest and fees.


The reception of compensation for a good or service. For example, if one sells a hairdryer for $10, the payment is $10. In a cash sale, payment is made immediately or almost immediately, while in a credit sale, payment may be delayed for a certain period of time.


Funds given to another in exchange for goods or services or as reimbursement for money loaned.A mortgage payment may consist of interest only;it could be a combination of principal and interest; or it could also include sums for real estate taxes, property insurance, and/or private mortgage insurance. In order to use Microsoft Excel to calculate your monthly principal and interest payment for a mortgage, do the following:

1. In cell A1, place the annual interest rate.

2. In cell A2, place the number of months of the loan to fully amortize it.

3. In cell A3, place the principal amount of the loan.

4. In cell A4, write the following formula exactly: pmt(A1/12,A2,A3)

5. Cell A4 will calculate your monthly payment.

References in periodicals archive ?
With Payor Logic we discover insurance coverage and correct demographics that we simply can't track down on our own to correctly bill patients," affirms Johnson.
If there is a decrease in the amount of support within six months of a child of the payor parent turning 18 or 21, the amount of the decrease is presumed to be child support (Temp.
Using the patented HealthRules[R] software suite, health plans, health insurance companies, and other payors can finally respond to new business opportunities and market changes in hours, not months or years, while drastically reducing both IT and operational costs.
HealthRules Payor provides all the functionality that payors expect in a comprehensive benefit administration system.
6045-5(b) provides that if more than one attorney is listed as a payee on a check, the payor would be required to file an information return for the attorney who received the check (the payee-recipient rule).
Notwithstanding the additional delay, payors must continue to comply in good faith with the statutory requirement to report gross proceeds paid to attorneys after Dec.
Business as Usual No Longer a Viable Option for Payors
payors may rely on documentary evidence (in lieu of a Form W-8) for payments made to offshore accounts in U.
We are doing our part to create an efficient healthcare environment where rapid, accurate communications between providers and payors will ultimately result in better care for less money.
The healthcare payor market is currently undergoing a period of unprecedented change, and many payors are trying to navigate among the various market forces and government regulations," said Rob Gillette, CEO of HealthEdge.
However, it is possible that a broker or payor is not aware of a trust's exempt status, that the trustee did not properly complete Form W-9, Request For Taxpayer Identification Number, or the appropriate certification, and that the payor was required to begin backup withholding.
Early payor participants in HCIN include Aetna, CIGNA, John Hancock, Metropolitan and PacifiCare.