People with eating disorders take such concerns to extremes, developing abnormal eating habits that threaten their well-being and even their lives. This question-and-answer fact sheet explains how psychotherapy can help people recover from these dangerous disorders.
The interest on balance in your PPF account is compounded annually and is credited at the end of the year. But the point to remember is that the interest calculation is done every month: the interest is calculated on lowest balances in account between 5th and the last day of the month.
Hint:First compute how much interest you earn each monthit is NOT equal to.06/12. (Assume that each month has 365/12 days.) (Ans: $291,179.52)(61) At the end of year 1 I deposit $1,000 into an account that is earning6% interest compounded annually.f the bank only credits interest eachquarter, then the doubling would not occur until after the 85th quarter, in whichcase the correct answer is 21 14 years.Example 8. Bank A oers a nominal rate of 5.2% interest per year, com-pounded twice a year. Bank B oers a nominal rate of 5.1% interest, compoundeddaily.