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How do you calculate yearly average balance?
It is calculated by averaging the balance after each day. This is then averaged with the closing balance after each month.
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The average yearly income for a family in China is about 13,000 renminbi. This is an amount equal to $2,100 US. Wages are quite a bit higher is some areas compared to othe…rs. In Shanghai, the average annual household income is 29,000 renminbi, which is equal to $4,700 US.
................. The US Dept of the interior and the US Geological Survey both report that Illinois has an average yearly rainfall of 38.82 inches. Al…though, for the past 2 years we have been experiencing higher amounts of rainfall in the spring, and cooler temperatures during the summer. This April we are expected to reach 12 inches of rain in some parts of the state. The average for April is 3.4 inches.
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The average yearly rainfall varies greatly among the islands. For the country as a whole it is about 1500 mm (about 59 inches). The greatest rainfall is in the summer months o…f June and July.
it is the sum of the daily balance divided by the number of days in the billing cycle
about 31 cm per year ~your welcome~:)
roughly 38-41 inches
Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.
37 inches yearly
The answer depends on when interest is calculated, how frequently payments are made, the interest rate being charged and the life time of the loan. There are a number of… "interest calculators" available on the Internet that can probably show you the answer - working out the answer from scratch means you'll need to add on the interest for each payment / interest cycle over the 12 months and then you can work out the average. If your using this to calculate your interest then an accurate calculation will depened on how your interest is calculated ie. daily monthly semi-annual, or annual. The simplist answer is take the balance of the loan at the end of each month, add them together and then divide by 12
The average monthly balance is calculated by adding the ending monthly balance for the period (usually 12 months) and dividing this by the period. e.g. For a period of 12 mos …with an ending balance at the end of each month of $12 you would have 12+12+12+12+12+12+12+12+12+12+12+12=144 and 144/12= $12. Therefore the average balance over the period is then $12. Hopes this helps. It is the sum of the end of day balance in the account for each day in the quarter, divided by the number of days in the quarter. http://www.hdfcbank.com/personal/accounts/aqb_pop_up.htm#3 The question did not indicate the period. It is the sum of the end of every day balance in the account divided by the period for which calculations are made. To amplify the sum of daily balances will be divided by number of days, if you need average daily balance, and by months in case you need monthly average etc.
add all of the balances together and then divide that number by the amount of balances that you added
The average yearly precipitation will depend on location. This includes the amount of rainfall in inches throughout the United States. Drier states and regions will have l…ess precipitation than coastal areas.
Full-time earnings in Australia averaged A$69,992 a year in the final quarter of 2012. See related link for more information.