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What is earning interest on interest?
Compound interest. This is where you work out the interest on a number, then work out the interest on top of the number with the interest added.
What do freedom based ethics focus on?
decisions arrived at based on self-interest or impluses
What did you do when you had faced a conflict of interest at work?
Give me an example of when you have had to face a conflict of interest at work
How savings bonds work?
Savings bonds are an investment that will grant you interest based on how long you have the bond. The interest is comprised of either an annual or semiannual basis and will give you a larger sum over a longer period of time.
How do HELOC payments work?
HELOC payments work by allowing borrowers to access a line of credit based on the equity in their home. Borrowers can withdraw funds as needed and make monthly payments based on the amount borrowed. The interest rate is typically variable and payments may fluctuate based on the outstanding balance.
What is the work of libor?
Libor or LIBOR is the London Interbank Offered Rate. The way it works is that it is the average interest rate based on estimates by leading banks in London.
Difference between Exact interest and Ordinary interest?
Interest that is based on a 360-day year instead of a 365-day year. In contrast, exact interest is based on a 365-day year. If large sums of money are involved, the difference can be significant
What calculates the payments for loan based on constant payment at a constant interest rate?
Simple interest.
What are the four types of economically based interest groups?
The four major type of economically based interest groups are Business, Labor, Agricultural, and Professional Groups.
What amount of money in a checking or a savings account upon which interest is based?
The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.
What is the interest rate on loan?
Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.
Should class be based on interest?
Definately yes.
