Budgeting Interest Income
Charlene applies for NA benefits in 03/2019. She states that her checking account with the credit union earns interest every three months. As requested, Charlene provides her last three bank statements.
A review of the statements verifies that an interest payment was deposited in the amount of $3.00 on 12/03/2018. There were no interest deposits in the months of January or February. To project the ongoing monthly interest income, prorate the $3.00 by the three months which it was intended to cover.
$3.00 รท 3 = $1.00.