How is financing interest calculated?
> Interest is calculated daily and settled monthly. Daily interest = Financing balance owed*Annual interest rate*days/365 days.
> After a financing purchase, interest begins accruing once settlement is completed. Same-day buy-and-sell (day trading) is not charged financing interest.
> Interest stops accruing once the liability is repaid; interest already accrued will be settled at the end of the month.
