My lease agreement states unpaid amounts shall bear interest from the due date thereof to the date of payment at the rate of 18% per annum. How do I figure out how much I will owe in charges on a partial rent payment made?
2007-04-30 05:34:44 · 2 answers · asked by twilightblue 1 in Business & Finance ➔ Renting & Real Estate
Quite simple. Use the amount upon which you are past due and apply an 18% interest rate to it. That gives you the amount you would have to pay for being late a full year. Divide that amount of interest by 365 days to obtain your daily fee, and multiply that daily fee by the number of days your payment is late, to obtain the actual charge.
2007-05-02 12:58:19 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
be careful of this guy. he will drain your economic company account in the previous you are able to blink an eye fixed. He does not look very ambitious, so hell could freeze over in the previous he ever gets around to paying you lower back. He looks to love the credit enjoying cards. you will pay them off, he will run the bill lower back up. do no longer marry this guy till he gets his existence so as or you would be depressing. do no longer positioned your call on something that he buys or you would be to blame for the bill and that's no good. He ran those charges up, enable him pay them.
2016-12-28 05:02:27 · answer #2 · answered by genevie 3 · 0⤊ 0⤋