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Interest Revenue

When a financier has cash in the bank, he earns interest revenue on this amount based on the savings interest rate. Interest revenue calculation is based on the cash balance from the previous month.

Note that interest is stated annually but calculated, on a per OF Day basis, as 1/12 of the stated rate. For example, if the rate is 6.00%, the rate used in the calculation for that particular OF Day will be 0.50%.

Interest revenue is not taxable at any time in the seminar.

 
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