when computing the bank discount yield, you would use 3 days in the year. You would use 2 days in the year if you were making a fixed-rate loan, and 5 days in the year if you were making a variable-rate loan.
The bank discount yield is the interest rate you pay when you borrow money at 12% per year. It’s calculated by dividing the number of days of the year you are making the loan by the rate of interest you’d be paying if you borrowed the same amount for the same number of days.
This is how the bank discount yield is computed when you are making a fixed-rate or variable-rate loan, and it’s how the bank discount yield is computed when you are making a fixed-rate or variable-rate loan if you are making an auto-pay loan. The bank discount yield is calculated by dividing the number of days of the year you are making the loan by the rate of interest you are paying.
The problem is that the bank discount yield is calculated using the standard year of interest, which is just the number of days since the beginning of the year. But as you can see in the above example, many banks start the year with a negative number of days, which is known as a “cushion year” because of the bank discount bond yield of minus 0.5% that is issued in the last month of the year.
The problem is that the standard year of interest is not the same as the actual interest rate you are paying. The standard interest rate is what is used to calculate the bank discount yield. This is why it’s common to see the phrase “the bank discount yield” in the bank discount bond section of any bank’s website. The bank discount yield is the bank discount bond yield minus the bank discount bond yield of the last month of the year.
So the bank discount bond yields minus the bank discount bond yield of the last month you are paying are the same as the yield of the last month which is zero. This means that your bank discount bond yield will be zero. Which is wrong. The bank discount bond yield is the interest rate at the start of the year minus the interest rate that was paid on the last month of the year. It is the interest rate for the last month of the year.
That means you are paying interest for interest. Just because you are paying interest for interest doesn’t mean you are paying the minimum for the bank discount bond yield. A bank discount bond yield should not be more than the minimum.
For instance, let’s say you bought a $500 dollar bill in December. That means you paid $500 over the course of the year. Now, in January, the bank discount bond yield is zero, which means you have paid zero over the course of the year.
You are paying interest for interest. So even though your bank is paying you interest for interest, it is also paying you a minimum amount of interest. That is why the bank discount bond yield is not more than the minimum.
This is very related to the concept of the minimum interest rate. When the minimum interest rate is zero (which is true for the bank discount bond bond it’s not true for the regular bank discount bond bond). ____ is the amount of interest you will have to pay over the course of the year. The minimum interest rate is the amount of interest you will have to pay.
