: 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.
Actual-over-365 (US Rule). The actual-over-365 method counts the number of days in the first period (between the loan date and the first payment due date), and then computes the first period interest charge by applying 1/365th of the annual rate for each day in the first period. Interest is accrued using the U.S. Rule. For each subsequent month, the actual number of days is counted between each payment due date and the next, and the interest charge for the period is computed by applying 1/365th of the annual rate for each day within the period (28, 29, 30 or 31 days).