Who started interest?
Interesting, the responses that say God... I thought that the ... being said, while the earliest records of interest date to Sumeria, it was the Knights Templar that...
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Interest Calculation?
Simple interest is merely Principle times interest., Assuming teh 5...by the number of days in the year, which gives you the daily interest and then multiplied by the number of days, which gives...
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interest rate swaps explanation?
Transfer of interest rate streams without transferring underlying debt. ... swapping interest rates, a firm is able to alter its interest rate exposures and bring them in line with management’s appetite for...
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Accounting Help-Simple/Compound Interest?
Simple interest is only the stated interest rate for a set term. Such as, 6...Interest on \$100 will be \$6.00. That same quotation with compounded interest may be calculated by the day. The daily interest will be \$6.00 ...
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Differentiate between simple and compound interest.?
Simple interest is calculated only on the principal. Thus if you owe \$2000 with... to \$2020 after a month and to \$2240 after a year. Compound interest adds the interest to the principal after each time period (say month) so, at 1% per...
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How to calculate the bank interest?
Bank interest for 'one' month is calculated as follows: [Account balance] x [interest rate] / 12 e.g. for 1 month, on a balance of 1000 with an interest rate of 5%: 1000 x 0.05 / 12 = 4.17 in interest If you want to calculate interest...
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How is simple interest compounded?
Simple interest and compound interest are 2 different concepts. Simple interest...accumulation of interest, it does not consider the earning of interest on prior interest earned that adds to your principal. Compound interest method...
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what distinguishes interest groups from political parties?
Interest groups are either focused on a specific interest, like ...support the interests of a group of people or a company. Special interest groups are how the people communicate with their congressmen...
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Deductable Interest?
For your individual return the only interest that is deductible is for a loan that is secured by...
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Why does compound interest earn more than simple interest?
Compound interest arises when interest is added to the principal, so that from that...interest to the principal is called compounding. Simple interest is calculated only on the principal amount, or on that portion of the...
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