Accrued Interest: What It Is and How It Is Calculated
This must be prorated in order to determine the interest income for 9 months. In this example, as well as others, interest is based on day months. Daily interest accrual yields the highest total interest amount compared to other accrual periods. So depending on whether you’re a borrower or investor, daily interest accrual can overwhelm […]
Accrued Interest: What It Is and How It Is Calculated Read More »
