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When a series of equal periodic payments is put into an interest bearing account for a specific number of periods?
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∙ 11y ago
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∙ 11y ago
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The annual interest rate of Paul's savings account is 7.2 and simple interest is calculated monthly What is the periodic interest rate of Paul's account?
Hey maybe don’t show the question if there isn’t an answer!
Which is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
What is current account convertibility?
Current account convertibility means freedom to buy or sell foreign exchange for the entire trade purposes.(Eg: buying and selling of goods,interest payments etc...)
How do you account for an interest free promissory note?
Similar to A/R. Set up a Note Receiveable, and credit the note (debit cash) as payments are received.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
The annual interest rate of Belinda's savings account is 8.6 and simple interest is calculated quarterly What is the periodic interest rate of Belinda's account?
2.15% Apex
How does compound interest differ from simple interest?
With compound interest, you earn interest on the interest. Basically the interest payments are reinvested into the account whereas with simple interest, you only earn interest on the original balance. The interest payments are kept separate of the balance that you invested i.e.: with a bond, the interest payments don't go into a balance, you just get a check for them or rather your broker receives the check on your behalf and deposits it into your money market account which is separate from the bond that you purchased.
The annual interest rate of Paul's savings account is 7.2 and simple interest is calculated monthly What is the periodic interest rate of Paul's account?
Hey maybe don’t show the question if there isn’t an answer!
What is an RA Bill?
Running Account Bills: Raised for periodic payments for an ongoing projects, example for construction projects
The annual interest rate of Paul's savings account is 7.2 and simple interest is calculated monthly What is the periodic interest rate of Paul's account A1.8 B0.6 C0.4 D0.9?
7.2/12 = 0.6
What is the relationship between the balance of payments BOP and interest rates?
If the interest rate is lower and balance of payment is large then the currant account will be deficit
The part of the balance of payments account that lists all long-term flows of payments is called?
Balance of payments is a method that is used to monitor international monetary transactions over a specific period of time. The long term flows of payments is part of the current account.
What is meant by capitalized interest?
Within the financial income statement, there is an account created specifically for capitalized interest. Essentially, this account holds a suitable amount of monetary funds to be expended out to upcoming interest payments. This account is considered to be an asset and is expended as time goes on throughout the fiscal year.
Example of unearned revenue?
Unearned revenue is income that you get without having to work for it. An example of this would be interest from stocks and bonds, dividend payments, or interest earned on a bank account.
What does instant merchant account mean exactly?
An instant merchant account is a specific type of account used by various businesses to carry out transactions or payments made by credit and debit cards.
Where can I find a nationally available online checking account that offers interest payments?
They have a list of them here http://www.moolanomy.com/1733/best-high-yield-online-checking-account-rates/
Which of these is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
