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  1. Sim

    capitalising interest

    Reply: 1 From: Sim' Hampel On 6/6/02 2:07:29 PM, Ian Findlay wrote: > >However don't we do this all >the time? Banks calculate >interest daily on >balance but charge monthly in >arrears, isn't this >capitalising on interest? No... banks calculate the interest daily on the outstanding balance...
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