Sentences with phrase «daily balance calculation»

Savings Account interest is calculated using the daily balance calculation method.

The average daily balance calculation is one of the most misunderstood concepts when it comes to credit cards.

Not exact matches

And so it all becomes a great political calculation as the man balances the fact that hundreds, if not thousands, of lives are being lost daily while he has to stall peace to wrest into being one of the greatest and most important changes in American history.

The Average Daily Balance method is one of the more common interest calculations card issuers us.

It says, with regard to the 2 % calculation, that they will calculate an average daily closing balance for the period Nov 1/17 - Feb 28/18, i.e. their machine will take the 120 daily closing balances during the period, add them up, divide by 120 to come up with an average daily closing balance.

Again, you're not doing the calculation or «earning» promo interest as you go along, the promo interest is calculated at the end of the promo period based on the amount the daily average closing balance over the entire period exceeds the Oct 31 balance.

The way I understand it, the daily calculation means that you accrue interest every day, enough so that if you keep the same balance in your account, it would effectively be 2 % every 183 days.

Regarding how the averaging works, one averages the daily balance over one month, the other over two, all with actual numbers, so obviously the first month the account is open either would look like a single cycle billing calculation.

Essentially, you don't earn it on a daily basis during the promo, you earn it after the promo period based on your average daily balance over the promo period (i.e. you don't have to do 120 calculations, their machine will) and by how much it exceeds your Oct 31 balance (zero for new customers).

GFS also provides the Funds with accounting services, including: (i) daily computation of net asset value; (ii) maintenance of security ledgers and books and records as required by the 1940 Act; (iii) production of a Fund's listing of portfolio securities and general ledger reports; (iv) reconciliation of accounting records; (v) calculation of yield and total return for a Fund; (vi) maintenance of certain books and records described in Rule 31a - 1 under the 1940 Act, and reconciliation of account information and balances among the Funds» custodian and Adviser; and (vii) monitoring and evaluation of daily income and expense accruals, and sales and redemptions of shares of the Funds.

The model provides calculations of water balance, photosynthesis, carbon storage, crown growth, and cambial activity, then provides graphical outputs showing the daily values of growth regulating processes (e.g., number of cells dividing, enlarging, and maturing) along with the resulting ring structure.