: an automatic electronic machine that can store and process data. See words that rhyme with computer Spanish Central: Translation of computer Nglish: Translation of computer for Spanish speakers Britannica English: Translation of computer for Arabic speakers Britannica.com: Encyclopedia article about computer.
To calculate each owner's net revenue interest, multiply her percentage ownership by the result of the previous calculation. Imagine two working interest owners, one with a 75 percent and the other with a 25 percent working interest.
Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items, (for example checks). We compound interest monthly and credit interest earned monthly at the end of each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. No interest is paid on balances below $2,500.00.