Open Control Panel on the Desktop and click Default Programs. Then click âAssociate a File Type or Protocol with a Programâ link. Next in the Set Associations screen, scroll down the list until you find Protocols, and under that youâll see MAILTO. Itâs set to Mail â double click it.
Money that is paid in exchange for borrowing or using another person's or organization's money. Interest is calculated as a percentage of the money borrowed. There are two kinds of interest, simple interest and compound interest. In simple interest, the interest is calculated only over the original principal amount.
add-on interest. finance charges computed by adding the interest payable to the full amount of loan principal. The add-on interest is added to the original principal amount, and becomes a part of the face amount of the promissory note. Computing interest due under the add-on interest method is fairly simple. The loan principal is divided into a number of fixed payments, and each payment is multiplied by the finance charge, to calculate the interest cost to the borrower: Add-On Interest = Principal Ã Rate Ã Number of Months in the loan/12.