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On the 3rd day of the month where is my interest?

I cannot find any interest on my account...

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Good day it Mrs J Meyer Riccardo Meyer Membership number 37231605.


Yer right, yer being ripped off. Best you ring ya bak an tell em to stop all payments right now, then ring the gym an tell em they ripped you off and you want yer money back with interest or you'll git yer lawyer on to them and sue there arses off. when you git yer money back cancel the membership and tell all ya friends what happened.

Nov 16, 2017 | HIS Computers & Internet

1 Answer

How do you calculate and charge interest on outstanding accounts


That question is much more complicated than you think - are you charging interest percentage daily? Weekly? Monthly? Anually? Once you have the period figured, you begin at some start point of your choosing. Exactly one "period" later, you multiply the basis (the outstanding balance) by the percentage rate (5%, for example, would mean you multiply by 0.05), then add that number to the basis - that's your new basis, your new outstanding balance.

But... if you charge an annual interest rate, and you compound daily or weekly or monthly, you have to take payments into account and adjust for them - it's fair to charge interest up to the moment of payment, but not beyond that moment; you can rightly only charge interest on the remaining unpaid balance beyond that date.

If you charge an annual interest rate but compound monthly, then every month you'd charge 1/12 of your annual interest rate. If weekly, 1/52. If daily, 1/365. The smaller the compounding period, the easier it is to calculate interest around payments, but the more paperwork is involved.

Jul 14, 2014 | Office Equipment & Supplies

1 Answer

COMPOUND INTEREST


But how often is the interest applied, yearly or monthly? If yearly, then the last 3 months don't earn anything at the 29 mo point. So $27624.

If applied monthly the usual trick is to simply divide the yearly rate by 12 = 1.32% per mo. So after 29 mo, $30132

Dec 18, 2013 | Sharp el-531x scientific calculator

1 Answer

What is compounded interest in a personal savings account?


Compounded Interest is when the bank pays you interest on the interest. For example, if your savings account earns interest of 1%, then each day of that 1% of the amount of money you have in your savings account is added to your total amount of money.
Daily compounding = Principal (1 + interest rate/365)365 = (daily compounded amount)

Aug 14, 2013 | Finance

1 Answer

What is the minimum payout at fixya i have applied for premium expert but have some balance in my account how to withdraw it ?


Please refer to this Expert FAQ thread (Click Here) or you can refer the below Quote. As far as I know, there's no minimum payout, but there are terms on how to receive the payment instead of withdrawing the funds/balance.

Quote:Source FixYa Expert FAQs: ["When does FixYa issue payments to Experts?At the start of each month, FixYa calculates your total Premium Assistance earnings for the previous month. If your earnings total $50 or more, FixYa notifies Payoneer of your pending earnings payment by the 3rd business day of the next month. Payoneer then processes and sends your earnings via your preferred payment method, which takes up to 2 business days to complete.

For example, if you earned $60 between January 1-31, FixYa will send your $60 January earnings to Payoneer by the 3rd business day of March. Payoneer will take up to 2 business days to process and send your payment.

Note: If your earnings total less than $50 for the month, they remain in your FixYa account and are added into the next month's earnings.

FixYa strives to ensure payments arrive as fast as possible within the process defined above. Usually, it takes less than 3 business days from the start of the month. In the very rare case, it can take up to 5 business days."]
Hope this helps.

Good Luck.

Dec 22, 2010 | FixYa Service

2 Answers

Bank process in daily interest calculation


I want how i can calculate daily profit /loss calculation on investment

Sep 07, 2009 | Microsoft Step by Step Visual Basic 6.0...

2 Answers

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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