Bank Pricing
Recent Activity
(Partner at DCI Solutions)
(President/Owner at AlphaMac Resources, Inc.)
How does your bank calculate interest expense on your loans? If they use a 365 basis to calculate your daily interest factor, and then calculate the monthly interest based on actual days, then in February they will be getting an extra day's interest from you....
How does your bank calculate interest expense on your loans? If they use a 365 basis to calculate your daily interest factor, and then calculate the monthly interest based on actual days, then in February they will be getting an extra day's interest from you....
