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Int on loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2013 if interest is taken on 1st day of month and it is payable monthly wd that mean that it would be paid on 1st day of next month or last day of same month ??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 September 2013 if it is payable on 1st day of the next month

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