Zinsstaffelmethode
English translation: compound interest method
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| 01:49 Sep 19, 2001 |
| German to English translations [PRO] Bus/Financial | |||||||
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|  Selected response from: Alison Schwitzgebel France Local time: 00:48 | ||||||
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| Summary of answers provided | ||||
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| 5 +2 | compound interest method |
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| 5 +1 | day-to-day calculation of interest |
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Answers
11 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1day-to-day calculation of interest Explanation: hth own experience as auditor |
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13 mins confidence: peer agreement (net): +2
peer agreement (net): +2compound interest method Explanation: This one has come up before. This is the answer selected the last time. Explanation: Means interest is added daily to principal and computed and booked accordingly. The 7/10 actuarial method states that at 7 % compounded interest, your principal doubles every 10 years, at 10 %, it doubles every 7 years. |
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Grading comment
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