Calculate it any way you want. If the answer you get is the MOST
profitable for the bank, and the MOST deleterious to the patron, then
that is the way they do it.
Sorta the same way tech support everywhere is only available when you
don't need them.
Joseph Mac
On Oct 12, 2012, at 7:29 PM, John Sessoms wrote:
Trying to figure something out and the answer is NOT on the
internet. And it's not in my math textbook in the section that tells
you how to figure interest.
How long is "six months" to a BANK?
Jan 1 to June 30 has a different number of days (181) than Mar 1 -
Aug 31 (184) and I know banks don't do it that way.
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