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How to Calculate Accrued Interest.
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How to Calculate Accrued Interest.

Rosemary Njeri

Accrued interest refers to interest generated on an outstanding debt during a period of time, but the payment has not yet been made or received by the borrower or lender.

Accrued interest is an important consideration when purchasing or selling a bond.

Formula to calculate accrued interest.

Calculate Accrued Interest.

Example:

Suppose you borrowed a loan amounting to $ 10,000, and the interest rate is 12%, calculate the accrued interest if you didn’t pay the loan interest for 210 days.

Calculate Accrued Interest.

Therefore, the accrued interest is $ 69,041.

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