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What was one thing the farmer's alliance worked for?
Lower interest on bank What_was_one_thing_the_farmers_alliance_worked_for- Novanet sucks!
What is bank account interest?
interest charged to bank accounts
Who pays the interest you get from your bank?
The bank pays it to you. The interest reflects the return on the capital you have loaned to the bank.
What will be the journal entry when interest allowed by the bank?
interest allowed by bank
What is foregone interest?
If you take out a Mortgage and decided not to make payments, It is the interest that they should have collected during the time it took for them to foreclose and dispose of the property. It is truly a cost to the bank. Say the bank pays somebody 5% on a Certificate of deposit. They turn around and loan the money to you at 6%. When you don't pay they still have to pay the interest on the CD.
What is a bank interest?
An interest is where the bank gives you their money for joining them. The more money you put in the bigger interest is given to you!
What is the bank interest rates?
A Bank interest rate is the rate of interest that the bank would offer us for having our deposits with them. For example: If a bank offers a 8% interest on a one year Time deposit, then if you deposit $1000 with them, you will get $80 as interest at the end of one year.
Mr Desai has decided to deposit Rs 100000 in the bank annually If the bank has a policy of continuous compounding and the prevailing interest rate is 11.5 percent how much would his deposit grow upto?
Type your answer here... 224871.26
What bank sets the interest rates all other banks in Canada?
Bank of Canada is the central bank of the nation of Canada. It controls all monetary regulations and policies that need to be followed by all member banks in the country. The lending and borrowing rates are also decided by them.
What is entry for interest credited into Bank account?
bank account debit and interest payable credit
What is as a interest rate?
People and businesses can ask for loans (borrowed money generally from a bank, but can be from an organization, person, etc.).The one who asked for a loan must return the exact money PLUS an extra fee (which is decided by the bank, organization, person, etc.) This extra fee generally is a percentage of the amount of money you borrowed, and it is called an interest rate.eg. I borrowed 100 dollars from the bank. The bank told me the interest rate was 10%. In that case, when I return the money I will have to pay 110 dollars. Those 10 extra dollars (which is 10% of 100) come from the interest rate.
Why do you receive interest on money that you keep in the bank?
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
