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2022-05-19
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I received quick email responses from costumer support and very fair and kind help - I wasn't aware of my subscription status and was billed for a full year. Because I didn't need the full year subscription, I cancelled my subscription and emailed customer support right away to let them know. I requested a refund and it was kindly granted. Mind you, I emailed them as soon as I got my billing notification from PayPal and my bank account hadn't been charged yet - but they made sure to refund me before I was charged! Many thanks to the helpful customer support worker.
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2021-03-22
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I use it for contracts
2020-08-27
Blend Payment Record Feature
The Blend Payment Record feature streamlines your payment management. It helps you track, organize, and access payment records easily, ensuring you stay on top of your financial transactions.
Key Features
Centralized payment tracking
Easy access to historical records
User-friendly interface for smooth navigation
Customizable reports for detailed insights
Seamless integration with existing systems
Potential Use Cases and Benefits
Small businesses can manage invoices efficiently, improving cash flow.
Freelancers can keep track of payments from clients, reducing discrepancies.
Accountants can simplify audits by providing organized records.
E-commerce platforms can enhance customer experience with clear payment history.
By implementing Blend Payment Record, you can resolve the chaos associated with payment documentation. This feature provides clarity and control over your finances, helping you focus on growth and success. Enjoy peace of mind knowing you can retrieve any payment record rapidly, enhancing your operational efficiency.
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What is a blended payment?
Blended payments are a way of repaying a loan that sets equal monthly payments of principal and interest (blended) over an agreed-upon amortization period. With a blended payment loan the borrower will pay more total interest but get the advantage of predictable budgeting.
What does a blended rate mean?
A blended rate is an interest rate charged on a loan that represents the combination of a previous rate and a new rate. Blended rates are usually offered through the refinancing of existing loans that are charged a rate of interest that is higher than the old loan's rate, but lower than the rate on a brand-new loan.
How do I calculate a blended rate?
The blended interest rate for a set of loans is the total amount of interest paid per year divided by the total principal. You can compute the interest paid per year by using the interest rates of the individual loans.
How do you blend two rates?
Example of Calculating Blended Rates For example, if a company holds $100,000 in debt at a 4% interest rate and $170,000 in debt at a 10% interest rate, the total blended rate would be calculated as [($100,000 × 0.04) + ($170,000 × 0.1)] / ($100,000 + $170,000) = 7.77%.
What is blended pricing?
Blended Pricing is a model for transacting training services where both fixed and variable prices are used within the same training engagement. Blended pricing models are most often found in large-scale training BPO engagements. Compare Fixed Pricing and Variable Pricing.
What is the principal and interest payment?
In a principal + interest loan, the principal (original amount borrowed) is divided into equal monthly amounts, and the interest (fee charged for borrowing) is calculated on the outstanding principal balance each month. As a result, a principal + interest loan results in less interest than a blended payment loan.
How do you calculate principal and interest payment?
Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). So, for example, if you're making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.
What is a principal payment?
A principal payment is payment made on a loan that reduces the amount due, rather than a payment on accumulated interest. Keep track of the payments made on loans for your small business with Debtor accounting & invoicing software. Try it free.
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