Solution-Compute interest on loans

Compute interest on loans

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Reference no: EM13530902

Neka Kiser, vice president of operations for Mountain National Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (payables). Neka also instructed the programmer to use a 360-day year to compute interest on loans (receivables). Discuss whether Neka is behaving in a professional manner.

Reference no: EM13530902

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Compute interest on loans

Reference no: EM13530902

Reference no: EM13530902

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