Search results
Results from the WOW.Com Content Network
Time value of money problems involve the net value of cash flows at different points in time. In a typical case, the variables might be: a balance (the real or nominal value of a debt or a financial asset in terms of monetary units), a periodic rate of interest, the number of periods, and a series of cash flows. (In the case of a debt, cas
Future value is the value of an asset at a specific date. [1] It measures the nominal future sum of money that a given sum of money is "worth" at a specified time in the future assuming a certain interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function. [2]
"Abstract of judgment" is a written summary of a judgment which states how much money the losing defendant owes to the person who won the lawsuit (judgment creditor), the rate of interest to be paid on the judgment amount, court costs, and any specific orders that the losing defendant (judgment debtor) must obey, which abstract is acknowledged ...
Here’s what the letters represent: A is the amount of money in your account. P is your principal balance you invested. R is the annual interest rate expressed as a decimal. N is the number of ...
If the defendant fails to do so, again judgment can be entered as above; this time formally known as judgment in default of defense. If money is claimed, the claimant can choose how their judgment will be phrased. Almost always there will be a request that the money claimed, the court fee, and interest at 8% on the money from when the claim ...
A deficiency judgment is a court judgment that is a public record of the amount owed and by whom. In many states, items included in calculating the amount of a deficiency judgment include: the loan principal, accrued interest and attorney fees, less the amount the lender bid at the foreclosure sale. [3]
For example, in Maryland, the lender has three years from the date of the foreclosure sale to get a court order for deficiency judgment. That judgment lasts for 12 years, during which time the ...
t is the overall length of time the interest is applied (expressed using the same time units as r, usually years). The total compound interest generated is the final amount minus the initial principal, since the final amount is equal to principal plus interest: [11] = (+)