Sentences with phrase «daily periodic»

The bank charges a daily periodic rate, which is your interest rate — 15 % — divided by 360 or 365, depending on the rate the card company uses.

How interest is calculated: The interest is generally calculated by dividing the APR by 365 or 360 to get a «daily periodic rate» and then either applying that rate to the balance at the end of each day, or multiplying the rate by the number of days in the billing cycle and the average daily account balance during the billing cycle.

For example, an NIR of 15 percent and a 365 - day year is equal to a 0.041 percent daily periodic rate.

To compute your interest charge for the month, multiply your average daily balance by the daily periodic rate and multiply by the 30 days in the period:

Cashback — The daily periodic rate for the Purchase APR is 0.03559 %.

The daily periodic rate for the Introductory Balance Transfer APR is 0 %, and for the Non-Introductory Balance Transfer APR 0.03559 %.

These days, calculating a daily periodic rate is a breeze for computers, yet most card companies continue to offer a grace period «because people are accustomed to it,» Feddis said.

We calculate a portion of the Interest Charge on your Credit Account by applying a Daily Periodic Rate to the «Average Daily Balance of Cash Advances» on the Account.

Daily periodic rates and corresponding annual percentage rates may be found in Pricing Information.

The «Daily Periodic Rate» is determined by dividing the Annual Percentage Rate by 360.

We calculate a portion of your Interest Charge by multiplying a Monthly Periodic Rate by your Average Daily Balance of Purchases (including new Purchases for which there is no grace period), and by multiplying a Daily Periodic Rate by your Average Daily Balance of Cash Advances (including new Cash Advances).

«Each day the balance of your account is multiplied by the daily periodic rate and the interest calculated is added to your balance,» he says.

«The next day of the billing cycle your balance would be $ 13003.65 and multiplied by the daily periodic rate would add interest charges of $ 3.6475, which begins to add up,» Ossenfort says.

We need to first determine your daily periodic rate (DPR).

Another way to calculate this is to first of all find out the average day balance before you multiply it with the daily periodic rate and then the number of days in a month.

You can now apply your daily periodic rate of 0.03836 % to your $ 1,456.67 average daily balance and then multiplied by the number of days in the month

This method applies a daily periodic rate to the balance in your account each day.

The result is called the periodic interest rate, or sometimes the daily periodic rate.

The interest on your purchases, cash advances, and balance transfers is calculated using the Daily Periodic Rate and the number of days in the billing cycle.

Daily balance computation method - Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

daily periodic rate [top] The daily periodic rate is your annual interest rate expressed on a daily basis.

For example, the monthly periodic rate is the cost of credit per month; the daily periodic rate is the cost of credit per day.

Daily balance computation method - Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.

Daily balance computation method: Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in your accounts each day.

The daily periodic rate and the monthly periodic rate are similar but also different enough that larger balances could lead to increased costs or...

In order to find the sum, you multiply the mean outstanding balance on your bill at the end of each day by the Daily Periodic Rate (DPR) and the number of days in your billing cycle.

This chart discloses the current daily periodic rate and the corresponding ANNUAL PERCENTAGE RATE.

Total Credit Card Interest for Month = Balance x Daily Periodic Rate x Number of Days in Billing Cycle

For all accounts using a Daily Balance method, dividends are calculated by applying a daily periodic rate to the principal in the account each day.

Current Auto Loan Rate reflects an Ambassador Membership Rewards Level bonus rate discount of 1.00 % Annual Percentage Rate (APR)(0.00274 daily periodic rate).

The formulaic method of computing the cost of borrowing defined by multiplying the average daily balance by the daily periodic rate by the number of days in a cycle.

This is called daily periodic rate (DPR).

The daily periodic rate is the interest rate charged on a loan's balance on a daily basis.

Dividends are calculated using the daily balance method, which applies a daily periodic rate to the balance of the Share Certificate and is subject to an early withdrawal penalty.

Since not all months have the same number of days, card issuers use a Daily Periodic Rate.

This method applies a daily periodic rate to the «principal» and «accrued interest» in the account each day.

Some credit cards charge interest daily by applying the daily periodic rate to the balance at the end of each day.

The daily periodic rate and the monthly periodic rate are similar but also different enough that larger balances could lead to increased costs or costs savings depending on which one is used.

The daily periodic interest rate is a little more complicated to calculate but it is similar in nature.

This method applies a daily periodic rate to the principal in the account each day.

Not exact matches

Summarize your income and expenditure records on some periodic basis (generally daily, weekly, or monthly).

Periodic payments vary by lender and could include daily, weekly, or monthly payments.

The advent of daily or weekly periodic payments is a departure from a more traditional monthly payment approach.

Offering periodic redemptions rather than daily redemptions gives the fund the opportunity to invest in assets that may be considered more illiquid in nature and higher risk, and therefore more suitable to long - term investors.

Interval funds offer investors the option to invest daily, while they only allow for periodic redemptions (typically quarterly), through the fund's repurchase offer program.

Depending upon the nature of the loan, periodic payments will be either daily or weekly, allowing the small business owner to spread the burden of debt service throughout the month, rather than requiring one larger payment at the end of the month.

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For data he used a National Institutes of Health — funded database of American Civil War veteran records: an informational treasure trove containing details like height and weight at time of conscription, daily roll calls of the sick and injured, periodic postwar checkups, census data, and, often, death certificates.

In 1997, the mainstays of therapy for patients with macular degeneration include daily monitoring of the integrity of their central vision (usually by viewing a simple printed grid) as well as periodic visits to their eye doctor.

Basically, instead of having weekly weigh - ins or daily tracking, try periodic «checkpoints» every few weeks or even months instead.