SIMPLE INTEREST
Simple interest is the basic process of computing the interest charge on a loan. It is determined by using the following formula:
Simple Interest = P x I x N
where P is the amount of the loan, I is the amount of the interest rate, and N is the number of periods or the duration for the loan.
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At The Money
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Tax Bracket
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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02:00 | MI Inflation Gauge | Jan | |
02:30 | Retail Sales | Dec | |
09:00 | Factory Orders | Dec | |
11:30 | Construction PMI | Jan | |
11:30 | Sentix Investor Confidence | Feb | |
12:00 | Retail Sales | Dec | |
17:00 | Ivey Purchasing Managers Index | Jan | |
21:00 | Loan Officer Survey | ||
01:30 | Average Cash Earnings | Dec |