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# Category: Cash advance direct lenders

## How do I calculate the compound interest on a loan in Excel?

What is compound interest? Compound interest, also known as compound interest, is interest that is calculated based on the original principal amount of a deposit or loan and on all interest accrued previously. For example, let’s say that $ 100 represents the principal of a loan that carries a cumulative interest rate of 10%. After […]

## Allowing car loan – short term loan

A car loan is a short-term loan for which the borrower’s vehicle is used as collateral. The typical repayment period is 30 days and, unless limited, the typical interest rate is 250% to 400%. OPudd’nhead Wilsonine lenders have quoted rates as high as 651% for car loans. The loan amount is usually a few […]