If you can pay the full
cost over a short time period, such as 18 months, you may be able to use a credit card with an introductory 0 % APR on purchases to pay for the solar system without paying any interest at all.
Not exact matches
As a general rule, a
short - term loan will have a higher periodic payment, but a lower total interest
cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest
over a longer
period of
time.
It would be perfect for students and teachers alike to use in a class - room (especially considering the
cost of books and the probability that they'll be beat up
over a
short period of
time).
In other words, coffee may feel like a negligible
cost in the
short term, but paying it consistently
over a long
period of
time will add up to some serious cash.
As a general rule, a
short - term loan will have a higher periodic payment, but a lower total interest
cost of the loan when compared to a longer - term loan — even if that loan includes a lower interest rate, because the business is paying interest
over a longer
period of
time.
Even
over the
short -
time period of 4 years, the yield on
cost exercise does show the power of not overpaying for a good business combined with strong dividend growth to build a rising income stream.
The increase in
shorter - term lending
costs may sound terrible for individual borrowers, but the Fed is unlikely to inflate the federal funds rate drastically
over a
short period of
time.
However, the problem with these loans, besides the excessive interest rates of
over 400 percent annually, is that the
short repayment
period disables borrowers to distribute the
cost over time.
The low return on
short - term investments may not keep pace with inflationInflation A rise in the
cost of goods and services
over a set
period of
time.
For example, a government's central bank may increase
short - term rates to slow inflationInflation A rise in the
cost of goods and services
over a set
period of
time.
Last year, for instance, saw record low solar
costs broken not once, but four
times and
over a
short period of
time, raising questions as to whether it is realistic to expect this remarkable trend to continue.
This means that rather than changing everything in a building, we focus on assets that need replacing or upgrading, and then choose the most energy - efficient replacements that are also
cost - comparable
over a reasonably
short period of
time.
In general, if
shorter - term policies provide more flexibility when it comes to the
costs incurred at the renewal of the policy, the advantage of longer - term policies is that they offer a better price and may guarantee level premiums
over a given
period of
time.