Because there are many different ways it is best to ask the bank in question
what method they use. Is it savings or loan, each uses a different
approach.
jm
-----Original Message-----
From: John Sessoms
Sent: Friday, October 12, 2012 10:29 PM
To: [email protected]
Subject: OT: Why won't the internet just answer the stupid question?
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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