interest based on each installment

简明释义

按每期付款额计息

英英释义

例句

1.For the car financing plan, the interest based on each installment is added to make it more affordable for buyers.

在汽车融资计划中，每期的利息被加入，以使其对买家更具可负担性。

2.When you take out a loan, the bank will calculate the interest based on each installment to determine your total repayment amount.

当你申请贷款时，银行会根据每期付款计算每期的利息以确定你的总还款金额。

3.Understanding how interest based on each installment works can help you manage your finances better.

理解每期的利息是如何运作的，可以帮助你更好地管理财务。

4.The mortgage company explained that they charge interest based on each installment rather than on the total loan amount.

抵押贷款公司解释说，他们收取的费用是每期的利息而不是总贷款金额。

5.The payment plan offers flexibility, charging interest based on each installment instead of a lump sum.

该付款计划提供灵活性，收取的费用是每期的利息而不是一次性付款。

作文

When it comes to financial agreements, understanding the terms and conditions is crucial for both parties involved. One term that often arises in these discussions is interest based on each installment. This phrase refers to how interest is calculated on a loan or payment plan where the total amount is divided into smaller, manageable payments, or installments. Each installment may accrue interest separately, affecting the overall cost of borrowing. To illustrate this concept, let's consider a scenario where an individual takes out a loan of $10,000 with a repayment plan structured over five years. If the loan agreement stipulates that the interest is calculated as interest based on each installment, it means that every time a payment is made, the remaining balance will be used to calculate the interest for the next installment. This method can lead to significant savings in interest payments compared to a traditional loan where interest is calculated on the total amount throughout the loan period.For instance, if the annual interest rate is 5%, the first year's interest would be calculated on the full $10,000. However, if the borrower pays $2,000 at the end of the first year, the remaining balance is now $8,000. In the second year, the interest will be calculated on this new balance of $8,000 rather than the original $10,000. This reduction in principal results in lower interest charges over time.Understanding how interest based on each installment works is essential for borrowers who want to minimize their financial burden. It encourages timely payments and responsible borrowing habits since each installment directly impacts future interest calculations. Borrowers should always read the fine print of their loan agreements to ensure they comprehend how interest will be applied to their payments.Moreover, this concept can also apply to various types of loans, including mortgages, personal loans, and auto loans. Each type of loan may have different rules regarding how interest is calculated, but the principle remains the same. Knowing that interest can decrease as the principal balance decreases can motivate borrowers to pay off their loans more quickly, thereby saving money in the long run.In conclusion, interest based on each installment is a fundamental aspect of many financial agreements that borrowers must understand. It not only influences the total cost of a loan but also impacts the strategies borrowers use to manage their debt. By being informed about how interest is calculated, individuals can make better decisions regarding their finances and ultimately achieve greater financial stability.

在金融协议中，理解条款和条件对双方都是至关重要的。一个经常出现的术语是基于每期付款的利息。这个短语指的是在贷款或分期付款计划中利息的计算方式，其中总金额被分成较小的、可管理的付款或分期付款。每期付款可能单独产生利息，从而影响借款的总体成本。为了说明这个概念，我们考虑一个场景：一个人申请了一笔1万美元的贷款，偿还计划为五年。如果贷款协议规定利息按照基于每期付款的利息进行计算，这意味着每次付款时，剩余余额将用于计算下一期的利息。这种方法相比于传统贷款（其中利息在整个贷款期间按照总金额计算）可以显著节省利息支出。例如，如果年利率为5%，那么第一年的利息将基于全额1万美元来计算。然而，如果借款人在第一年末支付了2000美元，则剩余余额现在为8000美元。在第二年，利息将基于这个新的8000美元余额来计算，而不是最初的1万美元。这种本金的减少导致了随时间推移的利息费用降低。理解基于每期付款的利息如何运作对于希望减轻财务负担的借款人来说至关重要。它鼓励及时付款和负责任的借贷习惯，因为每期付款直接影响未来的利息计算。借款人应始终仔细阅读贷款协议的细则，以确保他们了解利息将如何应用于他们的付款。此外，这个概念也适用于各种类型的贷款，包括抵押贷款、个人贷款和汽车贷款。每种类型的贷款可能在利息计算方面有不同的规则，但原则是相同的。知道随着本金余额的减少，利息也会减少，可以激励借款人更快地偿还贷款，从而在长期内节省资金。总之，基于每期付款的利息是许多金融协议中的一个基本方面，借款人必须理解。它不仅影响贷款的总成本，还影响借款人管理债务的策略。通过了解利息是如何计算的，个人可以做出更好的财务决策，最终实现更大的财务稳定。