the money that is being borrowed is the amount finaced?

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the money that is being borrowed is the amount finaced?

its about business

2007-05-13 08:44:39 · 3 answers · asked by M&M 1 in Business & Finance ➔ Credit

3 answers

yes ... for example you buy a car with no money down that means you financed 100%, if you put 10% down thats means you financed 90%... the amount you financed is the amount you will have to pay interest on depending on your rate... it is possible to get 0% financing also

2007-05-13 10:17:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋

You would also have to factor in the interest and fees (if any fees) into the total amount financed.

2007-05-13 10:17:07 · answer #2 · answered by echo 7 · 0⤊ 1⤋

Duh!

2007-05-13 08:48:27 · answer #3 · answered by Arsenal 2 · 0⤊ 1⤋