Suppose Your Bank Account Will Be Worth 15 000 00 In One Year The Interest Rate Discount Rate That The Bank Pays Is 7 What Is The Present Value Of Your Bank Account Today What Would The Pres Essays and Term Papers

  • What Is the Need of Bank Account?

    will require you to have a bank account, because the information will be necessary on an application for a loan or mortgage. Lenders and other creditors may not have a lot of faith in your financial abilities if you are not keeping even a basic checking or savings account. Check cashing: You may have...

    559 Words | 2 Pages

  • low interest rate and the Deutsche Bank

    protracted low interest rate on Date24-10-2014 Course 4.1 Advanced Finance, Banking & Insurance LecturerProf. Dr. D. Schoenmaker & Dr. P.J. Wierts Management SummaryThe lowering of the interest rates by the ECB is meant to achieve and maintain the desired inflation rate of 2%. This is...

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  • Relation Between Bi Rate and Banks Interest Rate

    Relation between BI rate and banks interest rate A. BI rate We take the BI rate, as the variable being estimated, from the period of 2006 until 2012. We then take the average rate in each year, rather than taking the rate in each month. As a note to the year 2012, we take the average rate that ranges only...

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  • Bank Accounts

    no special legislation to regulate banking companies but since that year the provisions of Banking Regulation Act and Companies Act, 1956 applies to corporation entities carrying on banking business including the nationalized banks. Section 6 of the Act lay down that in addition to the usual business...

    326 Words | 1 Pages

  • Bank Accounts

    about 7 years old I would always ask my parents for money. But I could never figure out how to go by saving my money. I would try so hard to not spend it on candy or ice cream but that would never work. I would always hear my parents talk about going to the bank to make a deposit. I never would ask them...

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  • Bank Rates

    ABSTRACT In the recent past, the thrust of the monetary policy of India was on reducing the annual inflation rate. During the year 2009 to 2011, the inflation in India has crossed historical records and reached to unprecedented levels, and lying in the range of 9 – 14 %. The monetary authorities...

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  • Gc Services from Garnishing Your Wages and Bank Account

    to / not willing to pay the debt you owe. The creditor has ever right to sue you by filing a case against you in the court. If the judgment comes against you, then Creditor may request the court to pass a writ of garnishment against you to get the money back from my bank account and wages. The papers...

    456 Words | 2 Pages

  • An Analysis of Commercial Bank Exposure to Interest Rate Risk

    An Analysis of Commercial Bank Exposure to Interest Rate Risk David M. Wright and James V. Houpt, of the Board’s Division of Banking Supervision and Regulation, prepared this article. Leeto Tlou and Jonathan Hacker provided assistance. Banks earn returns to shareholders by accepting and managing risk...

    10043 Words | 37 Pages

  • Role of Reserve Bank of Australia and Interest Rates

    Definition of Interest Rate An interest rate is the percentage yield on a financial security or asset such as a loan, bond or savings deposit. A variety of interest rates exist in the economy because of differences in the risk, liquidity and maturity of various financial instruments or assets. Different...

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  • Interest Rates on Domestic Deposit of Axis bank

    INTEREST RATES ON DOMESTIC DEPOSITS* DEPOSITS – LESS THAN 5 CRORES SR.NO. W.E.F. 01/11/2013** PERIOD INTEREST RATES (% P.A.) INTEREST RATE ON DEPOSITS BELOW RS. 15 LAKHS INTEREST RATES ON DEPOSITS OF RS. 15 LAKHS < RS..50 LAKHS INTEREST RATES ON DEPOSITS OF RS. 50 LAKHS ...

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  • What Is Bank

    What is bank? Finance is the life blood of trade, commerce and industry.   Now -a-days, banking sector acts as the backbone of modern business.   The term bank is derived from the French word Banco which means a Bench or Money exchange table.   In olden   days, European money lenders or money   changers...

    3558 Words | 11 Pages

  • Bank Accounts and Types

    BANK ACCOUNT: A bank account is a financial account which tells you details or records of all the financial transactions that occurs between bank and the customer and also the financial state of the customer after that. There is a process of opening an account which is as follow: 1. The Type of...

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  • Type of Bank Account

    various meetings of the committee constituted for assisting in wage revision w.e.f. 01-01-2007, it was also pointed out that there is difference in the pay scale of other companies in the oil industries. ~etter from the President, National Union of ONGC Employees, Dehradun addressed to CMD, ONGC was also...

    718 Words | 3 Pages

  • Different Types of Bank Accounts

    What is a current account? Current Account is primarily meant for businessmen, firms, companies, and public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings...

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  • What Is Bank?

    What is a Bank? A bank is an institution which collects money from the public in the form of deposits and lends the same to the borrowers. When a bank accepts deposits, it purchases money at a certain rate of interest. When it lends money, it sells money at a higher rate of interest. ...

    1832 Words | 12 Pages

  • How to Open a Bank Account

    of the people keep money in bank to make the money secure and as well as for profit motive through interest. For various kinds of people there are various kinds of bank account such as savings A/C, current A/C etc. Since our assignment is through savings A/C plan on Bank Asia Limited, so we are discussing...

    1883 Words | 6 Pages

  • types of bank accounts

    A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links together customers that have capital deficits and customers with capital surpluses. Due to their importance in...

    1632 Words | 5 Pages

  • Minors and bank accounts

    Should 10 year olds be allowed to operate a bank account on their own? Quoting famous Italian educator Maria Montessori, “Little children, from the moment they are weaned, are making their way toward independence.” Good Morning! Respected panel of judges, today I am here to present my views for the...

    493 Words | 2 Pages

  • Types of Bank Accounts

    A bank account is a financial account between a bank customer and a financial institution. A bank account can be a deposit account, a credit card, or any other type of account offered by a financial institution. The financial transactions which have occurred within a given period of time on a bank account...

    1667 Words | 5 Pages

  • Type of Bank Accounts

    Survey of Various types of Bank Accounts, rate of interest offered Mr. Pinto (name changed on request) of Axis Bank Limited of Nerul Branch was very co-operative when I visited their branch and introduced myself as a 10th Std. student of Ryan International School, Nerul and inform my purpose of visit...

    3757 Words | 13 Pages