Payment

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Payment

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

Payment

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.

payment

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 ?
The model revealed that, even after considering the complexity of rent-to-own contracts and the costs paid by the owner-dealer, implicit interest rates can actually be higher than those estimated with the methodology used by previous researchers, who considered all of rent-to-own payments to be purchase payments.
30% calculated on the purchase payments adjusted for withdrawals (Total Income Value) for both single and joint life payout, and is subject to change on each quarterly anniversary, but will never be less than the minimum charge of 0.
The buyer defers making most or all purchase payments for the equity until stage two, which is the earlier of a trigger or the contractual back-end date.
The MDA TST bonds are special obligations of the MDA, payable from purchase payments by the city to the authority, pursuant to a purchase agreement between the two entities.
Contract awarded for Busan Eco Delta City Phase 1 4 tool creation construction materials woven mat purchase payments
The option would enable people who have certain medical conditions, including a history of heart attacks, strokes or Alzheimer's disease, to apply for special medical underwriting, which might result in higher annuity payments or lower purchase payments than would ordinarily be available.
Will lower or higher purchase payments ensure better repayment trends?
Many funding companies, he said, made commitments to purchase payments but did not have the financing to consummate the transaction, leaving their customers without a needed source of liquidity.
Contract awarded for Guangzhou singa luminaire replacement construction materials indoor lighting fixtures purchase payments
Protective said miles will be awarded for initial purchase payments and may be awarded for subsequent purchase payments.
The bonds are special, limited revenue obligations of the corporation, payable solely from purchase payments made by the City of Yuma (the city), Arizona to the corporation.
Contract awarded for 2 apartments Damyang white copper electric construction materials distributor purchase payments