Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Managerial Accounting
By Dr. David E. Marcinko MBA
Recently, several major banking institutions have addressed the problem of escalating debt upon graduating physicians, mid-life practitioners and even seasoned healthcare providers; despite historically low rates for prime customers.
Unfortunately, one may still wonder how many clinicians truly appreciate the risks associated with usurious interest rates for homes, cars, medical equipment and other consumer items; as we offer the following review to reduce this peril.
WHITE-PAPER: IRs
Assessment: Your thoughts are appreciated.
***
8
***
Share this:
Filed under: Investing, Practice Management, Touring with Marcinko | Tagged: David Marciniko, interest rates, rule 72 |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
RESIDUAL INTEREST
Residual interest-also known as trailing interest-is interest that accrues on a loan balance from the time between the end of a billing cycle and the date the issuer receives payment. If you always pay your bill in full, this probably doesn’t apply to you because of the legally required grace period. But once you carry a balance from month to month, residual interest kicks in.
Lou
LikeLiked by 1 person