Sentences with phrase «accumulate interest on a daily basis»

As noted previously, most banks will accumulate interest on a daily basis, using a method called average daily balance.

Not exact matches

Interest usually accumulates on a daily basis, and if you are stuck paying +10 % interest you may be feeling tInterest usually accumulates on a daily basis, and if you are stuck paying +10 % interest you may be feeling tinterest you may be feeling the pain.

The unpaid interest on the unpaid principle was accumulating, as loan sharks would put it, on a daily basis.