
- UID
- 223215
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- 150
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- 2011-7-11
- 最后登录
- 2013-9-26
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is your annual interest rate of 1.5% compounded daily or annually? from your description it says ‘daily debit charge’ so I’d assume that Fed + 50bps per year, compounded daily. so then your daily rate would be 1.5%/250.
if the 1.5% was an annual charge, then you’d use method 1. |
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