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Term Of The Hour

calculate accrued interest: Original post by C. Taylor of Demand Media Interest payable constantly accrues on a loan, but if you are paying as you go, the interest accrued is not compounded. Therefore, a simple interest formula allows you to compute your accrued interest payable. However, interest rates are expressed as annual rates, which means the rate must be adjusted for periodic payments, such as monthly, quarterly or…

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