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C code for interest calculation in banking system

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Search for banking code in c at I use to find at my time in college

Posted on Jan 22, 2009


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I have a figure of 76160.00 how do I determine the percentage interest charged in this figure

its a lot of calculations you can try a per month system
loan givers do interest calculations daily

interest is added to your loan after you pay
so adds to the loan amount and increases the interest payment
every amount shown on the loan account has to be worked out

Interest Only

Apr 29, 2017 | The Office Equipment & Supplies

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What is 15000.00x3% for a 5 year loan how do I calculate this.

This depends on whether interest remains constant, and if the interest is reduced as the balance is reducing.

For simplicity, the interest is 450, so you add that the the principal, making 15,450, and divide it by 60 months. The answer is 257.50 per month.

TD Bank disagrees with me by a few bucks, but close enough as it probably includes insurance.

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Mar 01, 2017 | Office Equipment & Supplies

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CurrentCD rates

This will vary widel from bank to bank, but this web site will be helpful-
CD Rates Highest Yield Bank Certificate of Deposit Interest Rate

Feb 26, 2015 | Office Equipment & Supplies

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How do I get printout of interest I paid on loan in 2014?

Contact your lender.

You may be able to set up online access to your account data through the lender's website. If that is available, it probably includes links for your account status, history and statements. The December statement likely shows interest paid during the year.

Feb 10, 2015 | 2005 Honda Pilot

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I want to invest R10000 in a bank investing at 14% compounded twice a year

Invest R10000 in a bank investing at 14% compounded twice a year.

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,


Nov 19, 2013 | Sharp EL-738 Scientific Calculator

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If I have $100000.00 in a bank account --how much interst income would I get per year

That would depend on the interest rate and the compounding interval. At one percent compounded annually, you would get $1000. At two percent compounded semiannually, you would get $2010.

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How is interest calculated on recurring deposit accounts in banks

Recurring deposit interest is calculation may vary depends on compounding period. You have to invest an amount every month interest will be calculated for the current holding in your recurring deposit account. And every compounding period interest amount will be added into holdings or available balance. You can calculate the Recurring deposit using this recurring deposit calculator

Mar 26, 2009 | Computers & Internet

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