Household Accounting And Economics
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In our eReader you can find the full English version of the book. Read Household Accounting And Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Household Accounting And Economics
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To quickly assess the difficulty of the text, read a short excerpt:
Interest is paid on all sums on deposit for at least one month prior to the interest dates, which are most frequently January 1 and July 1, at the rate of 3% per year.
Banks have different rules in reference to the payment of interest. The interest dates differ, the time that the deposit must be left in the bank varies, and the number of interest dates per year varies, some computing interest four times a year instead of two. The rules of each bank are printed in the pass book and should be stu...died by the de- positor.
5. Any withdrawals made between the interest dates are deducted from first deposits. For example, suppose that a person had $25 deposited in a savings bank account on Jan- uary 1 in a bank that computes interest on January 1 and July 1. The following deposits and withdrawals have been made: February 3, deposited $30; April 1, deposited $10; May 15, withdrew $15; and June 1, deposited $20. The interest to be credited on July 1 would be found as follows : First, the withdrawal of $15 on May 15 would be sub- tracted from the amount in the bank January 1, leaving $10 to bear interest for the whole period of six months.
What to read after Household Accounting And Economics?
You can find similar books in the "Read Also" column, or choose other free books by William a William Adam Sheaffer to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Interest is paid on all sums on deposit for at least one month prior to the interest dates, which are most frequently January 1 and July 1, at the rate of 3% per year.
Banks have different rules in reference to the payment of interest. The interest dates differ, the time that the deposit must be left in the bank varies, and the number of interest dates per year varies, some computing interest four times a year instead of two. The rules of each bank are printed in the pass book and should be stu...died by the de- positor.
5. Any withdrawals made between the interest dates are deducted from first deposits. For example, suppose that a person had $25 deposited in a savings bank account on Jan- uary 1 in a bank that computes interest on January 1 and July 1. The following deposits and withdrawals have been made: February 3, deposited $30; April 1, deposited $10; May 15, withdrew $15; and June 1, deposited $20. The interest to be credited on July 1 would be found as follows : First, the withdrawal of $15 on May 15 would be sub- tracted from the amount in the bank January 1, leaving $10 to bear interest for the whole period of six months.
What to read after Household Accounting And Economics?
You can find similar books in the "Read Also" column, or choose other free books by William a William Adam Sheaffer to read onlineMoreLess
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