Sentences with phrase «accumulating interest over time»

APR affects your bill by accumulating interest over time and by being applied in a certain order to different portions of your balance when you're making payments.

The potential difficulty is that as you build your ladder with multiple accounts, and as those accounts accumulate interest over time, you may lose sight of the fact that it is the combined value of these accounts, and not each account individually, that counts toward the $ 250,000 FDIC insurance limit.

The higher cost is because the insurance company invests your payments so that your policy accumulates interest over time.

As you pay the premiums, a certain amount is designated for the cash value accumulation portion which grows and accumulates interest over time.

The premium paid is split into three parts: a part of it is allocated for the life insurance cover, a part of it is invested (this accumulates interest over time), and a part of it goes towards the administration expenses of the insurance company.

You can receive it in cash, or you can decide to let it accumulate interest over time.

Not exact matches

Further, having more money today is frequently better than taking in money over a long period, since a larger investment today will accumulate compound interest more quickly than smaller investments made over time.

They tend to have a higher interest rate, which means you could end up paying many times over in interest for the airline miles you accumulate.

We still owe mortgage payments on our home to the tune of $ 13,500 a year, but by getting a reverse mortgage that $ 13.5 k will go away, and we'll have a $ 105,000 credit line making a bit over 5 % interest per year (which we don't need at this time, so it will accumulate at compound interest).

Interest accumulates over time, so the sooner you pay it off the more money you will save.

Over time, the interest on a student loan can make it difficult for a borrower to pay down the principal on a loan, as many of the initial payments will go solely towards paying off the accumulated interest.

Instalment loans on the other hand can be paid back over a longer period of time, but the longer it takes the borrower to pay back, the more interest is accumulated.

Interest will accumulate over time, meaning you will owe a larger amount

Unfortunately, if you're heavily reliant on credit cards, who you are is a person in debt (don't forget that credit card interest, combined with late fees, balance transfer fees, over-the-limit fees and more is added onto your monthly bill and will continue to accumulate over time).

When you use a credit card, your credit balance accumulates over time and must be repaid plus interest.

It is the interest you earn on your initial investment plus all the interest that has accumulated over time.

The Chase Slate ® waives interest on balances they carry for those first 15 months, which lets cardholders slowly pay off any debts without accumulating fees over that time.

Similar to a credit card, PayPal Credit allows you to avoid interest altogether if you make payments in full within a certain amount of time on purchases of a minimum size, or you can make payments over a longer period of time while accumulating interest.

Thanks to time and compound interest, someone who is able to put $ 5,000 per year into a TFSA for 50 years and earn 7 % in an equity etf will accumulate over $ 2 million, TAX FREE.

But over time, as you continue to make payments, the balance of the loan decreases, thereby reducing the interest that accumulates and allowing more of your monthly payment to go to paying down the principal of the loan.

The downside with these repayment options is that over time, borrowers will pay much more in accumulated interest versus a standard 10 - year repayment plan.

Consolidating also extends the life of the loan usually, so if needed, you have more time to pay back the loan (although keep in mind that this means accumulating more interest over the years).

Higher Credit Scores equate to lower interest rates & mortgage interest savings accumulates over time.

When a debt is becoming too big as a result of the interests that it has accumulated over time, it may be difficult to pay off the debt.

When the bank offers lower monthly payments, however, it will definitely be compensated with a longer duration and more interest accumulated over time.

«If you take a Home Equity Conversion Mortgage (HECM)-- the FHA - insured reverse mortgage — and establish a line of credit, and then only draw on it when you have in - home care expenses, the unused line of credit will continue to increase over time and you will only accumulate interest on what you have used.

Hefty finance fees and interest charges that accumulate over time compound the misery of fiscally - overextended consumers trying to cope with minimum monthly payments and ballooning balances.

In a DMP, you may be able to negotiate lower repayments over a longer period but it's important to recognise that your creditors are not legally obliged to agree to your proposal, freeze interest or suspend any pending legal action and in some circumstances, you may even end up owing more over time as interest accumulates.

For any money that you use from the reverse mortgage, you accumulate interest so the loan amount grows over time.

The final issue to tackle is how to use dividends and interest income as it accumulates in your investing accounts over time.

As a long - term investor, you inevitably have to consider what to do with dividends and interest income as it accumulates in your investing accounts over time.

This way, the borrower is able to pay off all accumulated interest, but can also make a dent in the balance, allowing him or her to repay the loan in full over time.

Those years in which they struggle to find work or are underemployed often lead them to have to forebear or defer their loans which means letting interest accumulate over that time period.

Embodying her interest in the way that images — from old magazines, postcards, catalogues — morph, accumulate, endure and evolve in meaning and value over time, Cwynar's work involves a constant archiving and re-presentation of collected visual materials.

She is interested in the way that images morph, accumulate, endure and change in meaning and value over time, and the effect this has on a collective worldview.

It will also be interesting to see plaintiffs explain this graph of accumulated cyclone energy in the light of their theory that man - made global warming is increasing hurricane strengths and frequencies (ACE is a sort of integration of hurricane and tropical storm strengths over time).

Unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his accumulated savings to help pay premiums over time.

Similarly, the cash value in your current policy may also be enough to pay the premiums for a number of years into the future, but that, too, will erode the death benefit over time, as the loans to pay premiums accumulate with interest (if you were not paying some or all of those amounts back to the insurance company).

The living benefit is the cash value or savings component of the policy that grows over time as interest income accumulates.

Over time, the investment portion accumulates in value through the interest earned.

Compounding interest on these smaller amounts helps these policies accumulate a sufficiently large cash benefit over time.

Such interests get compounded and accumulated over a period of time.

The premium paid accumulates interest over a period of time.

If the loan is not repaid, the interest will accumulate on the amount borrowed, and over a long enough period of time, will deplete the death benefit payable.

Over time, the combined accumulated cash value and earned interest can grow into a substantial amount.

These days, with most sales being charged up via VISA etc., and with most consumers carrying those charges over extended periods of time, thus accumulating on - going interest charges thereon, this has nevertheless become «the way» of effectually keeping the wheels of the consumer driven economy rolling.

Over time you gradually accumulate what lenders call «equity,» an ownership interest in the property that you can often borrow against or convert into cash by selling the house.