11. Best of all, contracts are backed by the state, and the interest accrued is not taxable. 12. The schoolmaster was paid from the interest accrued annually on the ?00 placed in the charity. 13. Deferred interest accrues , and the balance owed grows. 14. Special accounts, with interest accrued from one to three months, require a 2 per cent provision. 15. Moreover, many secured cards have no grace period, meaning interest accrues from the date of purchase. 16. Thirty year bonds so far have returned 0 . 7 percent-- counting interest accrued plus price changes. 17. Interest accrued is shown as interest payable.18. Back interest was forgiven, and new interest accrued only over the last fifteen years of this arrangement. 19. That judgment stands at $ 274, 550 . 86, with interest accruing at 12 percent per year. 20. An additional $ 90 million could come from interest accrued over the years on the bond money.
