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   Loan, Transactional account, Cheque, Mortgage law

  • Bank of Canada and Interest Rates

    Bank of Canada and Interest Rates Bank of Canada Will Raise Interest Rates The Bank of Canada has indicated that it has concerns over inflation being too low. (Parkinson). However, inflation has been rising and the Canadian economy has strengthened over the last several months. Keeping interest rates...

      595 Words | 2 Pages   United States housing bubble, Economic bubble, Inflation, Financial crisis of 2007–08

  • 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...

      9229 Words | 16 Pages   Balance sheet, Debt, Market liquidity, Interest

  • 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...

      2040 Words | 8 Pages   Loan, Recession, Interest, Financial crisis of 2007–08

  • 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...

      1043 Words | 3 Pages   Transactional account, Money market fund, Money market account, Bank

  • 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, Deposit account, Loan, Income statement

  • 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...

      2919 Words | 10 Pages   Macroeconomics, Open market operation, Reserve Bank of India, Recession

  • 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   Debt settlement, Garnishment, Guarantee, Debt

  • 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   Debt, Federal Deposit Insurance Corporation, Adjustable-rate mortgage, Commercial bank

  • 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...

      1745 Words | 7 Pages   Monetary policy, Market liquidity, Mortgage-backed security, Inflation

  • 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 ...

      420 Words | 3 Pages  

  • Analysis Of Interest Rate With Reference To Commercial Banks Of Nepal

    Analysis of Interest rate with Reference to Commercial Banks of Nepal Abstract In this paper, an attempt has been made to analyze the level of real interest rate in Nepal based on 2005 to 2011 using annual data published by Nepal...

      1349 Words | 6 Pages   Interest rate, Monetary policy, Inflation, Money supply

  • 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...

      2568 Words | 12 Pages   Cheque, Identity document, Authentication, Private company limited by shares

  • 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   Savings account, Interest, Deposit account, Bank

  • 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   ATM card, Payment card, Interbank network, EFTPOS

  • 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   Debit card

  • 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   Fixed deposit, Bank, Recurring deposit, Compound interest

  • EBAM Electronic Bank Account

    EBAM: Electronic Bank Account Management Made Easy! Universal Banking Solution System Integration Consulting Business Process Outsourcing For years, companies have struggled to manage their bank accounts which, thanks to the global nature of business, need to be maintained with multiple financial...

      1705 Words | 9 Pages   Digital signature, Business, Audit

  • 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   Overdraft, Fixed deposit, Bank, Line of credit

  • account test bank

    12. 13. 14. 15. 16. 2 2 2 2 2 2 3 4 K K K K K K K K Item SO BT Item SO BT Item SO BT 6 6 7 7 7 7 8 8 K K K C C C K K sg 33. 34. sg 35. sg 36. sg 37. sg 38. sg 39. sg 40. 1 2 3 4 5 6 7 8 K K K C ...

      13763 Words | 53 Pages   Balance sheet, Expense, Revenue, Financial statement