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Topic: Effective interest rates

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	Interest rate - Wikipedia, the free encyclopedia
		Interest rates are normally expressed as a percentage over the period of one year.
		Interest rates are also a vital tool of monetary policy and are used to control variables like investment, inflation, and unemployment.
		Interest rates are set by a government institution, usually a central bank, as the main tool of monetary policy.
	en.wikipedia.org /wiki/Interest_rates (1410 words)

	Real-World Examples
		The interest rate is usually specified for a one-year period.
		This annual interest rate is known as the nominal interest rate.
		The "effective" interest rate you will be charged will be different from this nominal annual interest, if the compounding is done at intervals other than annual.
	coen.boisestate.edu /mkhanal/real-wor.htm (284 words)

	Effective Annual Interest Rates
		Second, the effective annual rates are useful in estimating certain interest adjustments on various financial transfers among the Social Security and Medicare trust funds or between a trust fund and the general fund of the Treasury.
		The interest adjustments that are included as part of the transfers are not considered interest on invested assets; rather, they are adjustments to restore the trust funds to the theoretical financial position in which they otherwise would have been.
		The effective rate is the amount of interest earned during a period divided by the average level of assets during the period.
	www.ssa.gov /OACT/NOTES/note138.html (3310 words)

	Finance Brief 25
		The effective interest rate for a financial instrument is the rate that discounts the future cash flows, up until the maturity date or the next repricing date, to the current carrying amount of the instrument at the reporting date.
		Interest rate risk disclosures under AAS 33 are not measures of investment returns over the period covered by the financial report.
		Effective interest rates can be calculated for any monetary financial instruments involving future payments that create a return to the holder and a cost to the issuer involving the time value of money.
	www.finance.gov.au /ace/finance_brief_25.html (755 words)

	Effective Rates
		In the calculator the effective interest rate is displayed to the right of the annual interest rate, 6% and 6.1677% respectively.
		After 1040 weeks the accumulation is $496,530.67 Using the PV/FV Calculator window, the calculated Interest Rate per Period (because the Period is one year the number is the effective interest rate) is 16.167781% the same as the EIR in the CALCULATOR.
		The effective interest rate for 365 day weekly and biweekly payment mortgages is slightly less than for a comparable weekly or biweekly utilizing a 360 day year.
	www.amortization.com /effective_rates.htm (778 words)

	First Federal - Rates
		Interest rates for the above accounts may change after account is opened.
		Interest rates may change after account is opened.
		Interest Rate and APY may change after account is opened.
	www.ffpa.com /interestrates.html (448 words)

	[No title]
		Otherwise, the effective interest rate for the desired time period must be calculated based on the nominal interest rate and the compounding frequency.
		Effective interest rates can only be utilized for payment periods greater than or equal to the compounding period for the effective rate.
		Example: Given a nominal interest rate of 18% per year, compounded monthly, determine F, three years from now, given a quarterly payment period, A. Since the payment period, A, is quarterly, determine the effective rate, i, on a quarterly basis.
	www.csus.edu /indiv/o/ohlinger/ENGR-140/Lectures/2005-lecture09.doc (971 words)

	3.7 Effective Interest Rate, Eqiivalent Interest Rates, General Annuities
		The effective interest rate for a nominal rate of 9.65% compounded quarterly is found by comparing the amount of $1 at the end of one year using both the nominal interest rate and the effective interest rate which is represented by i:
		The effective interest rate for the bank is 6.61% pa compounded annually.
		The monthly interest rate for the loan was determined by dividing the annual rate of 9.6% by 12 to yield at monthly rate of 0.8%.
	gs.fanshawec.ca /tlc/math270/3_7_effect_int_rate_general_annuities.htm (1046 words)

	IFAP - Electronic Announcements
		Below are interest rates that apply, effective July 1, 2005, to FFEL and Direct Loan Stafford and PLUS loans that were or are disbursed on or after July 1, 1998.
		Interest rates on Stafford and PLUS loans disbursed before July 1, 1998, are calculated using different statutory formulas and or percentage add-ons.
		Generally, interest rates on Consolidation Loans are fixed rates calculated based on the weighted average of the loans being consolidated rounded up to the next higher 1/8 percent, not to exceed 8.25%.
	www.ifap.ed.gov /eannouncements/0531IntRate.html (156 words)

	DEBTHELP: MONEYMATTERS - Interest Rates & Capitalization
		The interest rate a borrower receives on a consolidation loan is calculated as the weighted average interest rate of all underlying loans being consolidated (which can depend on their disbursement date and the borrower's repayment status), rounded to the nearest higher one eighth of one percent, and fixed throughout repayment.
		MM363 - Interest Rates and the Hardship Deferment (6- 4-02)
		The interest rate borrowers receive on consolidation loans is calculated as the weighted rate of all underlying loans being consolidated (which can depend on their disbursement date and the borrower's repayment status), rounded to the nearest higher one eighth of one percent, and fixed throughout repayment.
	www.aamc.org /students/financing/debthelp/moneymatters/interestrates.htm (2045 words)

	First State Bank & Trust - Rates
		The interest rate for your certificate is _______% with an annual percentage yield of _______%.
		Interest will be paid during the grace period at the interest rate in effect for the renewal term.
		The early withdrawal penalty on the amount withdrawn will be equal to (a) three month's simple interest at the contract rate for certificates with an original maturity of one year or less or (b) six month's simple interest at the contract rate for certificates with an original maturity of over one year.
	www.firststatebankandtrust.com /prodserv/rates.html (559 words)

	Sydney Credit Union > Interest Rates and Charges > Savings/Term Deposit Interest Rates (Site not responding. Last check: 2007-10-31)
		Interest is calculated on the minimum monthly balance and paid annually - 30th June.
		Interest is calculated on daily balance and paid on the last day of every month.
		All accounts receive interest at the standard rate, qualifying accounts where a balance has been retained and at least one deposit has been made and no withdrawals taken during the month will also receive a bonus interest rate payment.
	www.sydneycu.com.au /page.asp?page_id=4515 (545 words)

	[No title]
		Since interest on these loans is paid at the end of the term, we consider the nominal preferential rate to be the same as the effective preferential interest rate.
		These weighted-average effective interest rates are based on data, for fixed rate loans under one million dollars, received from a survey of gross loan extensions made by various banks during one week of each quarter.
		By using effective interest rates to the extent possible and making the adjustments noted in Comments 2 and 3, we now find the benefit from FOMEX loans to be 2.45 percent ad valorem for 1984 and 0.17 percent ad valorem for 1985.
	ia.ita.doc.gov /esel/mexico/86-c11.htm (2808 words)

	Effective interest rate - Wikipedia, the free encyclopedia
		The effective interest rate of i(t) is the rate of interest for the period t to t + 1 where t is in units of years.
		(If t is in units other than years, that is typically referred to as the nominal interest rate.)
		If the rate of interest over the time period is constant then
	en.wikipedia.org /wiki/Effective_interest_rate (116 words)

	Commonwealth Bank Group - Personal - Interest Rates and Fees - Transaction and Savings Accounts
		Rate applies to the whole balance of the account, and is calculated daily and paid quarterly.
		Interest is calculated on the daily credit balance and paid monthly on the first business day.
		Interest rates current as at 08/08/06, and are subject to change.
	www.commbank.com.au /personal/other/rates_and_fees/transactionandsavings.asp (624 words)

	Erie Family Life Declared Interest Rates Annuities
		The rate at time of deposit is guaranteed for one year.
		A minimum guaranteed rate of 3.00 percent applies to new issue contracts as of August 15, 2005.
		Rate adjustments may affect non-life contingent payouts (interest only payments, payments for a fixed period, etc).
	www.erieinsurance.com /ProdServ/Life/InterestRates.htm (165 words)

	CFNC - Paying For College - Interest Rates
		Made at the 8/10 percent split rate and converted to a variable rate effective 01/01/95 or converted at the 49th month after the end of the grace period
		Consolidation Loans from applications received on or after 10/01/98 receive a fixed interest rate based on the weighted average of the statutory interest rates of the loans being consolidated rounded up to the nearest 1/8%, or 8.25% whichever is less.
		Interest Rate: Prime Rate + 0 % (adjusted quarterly and determined on the first business day of the calendar month preceding the applicable quarter); accrued interest to be capitalized at repayment.
	www.cfnc.org /paying/loan/interest_rates.jsp (349 words)

	A Charity Bank Account from Standard Life Bank in association with First Independent Direct - Freephone 0800 783 1687
		Rates correct as at 12 August 2005 and, except for Fixed Rate Bonds, are subject to variation.
		Interest may be paid gross on business accounts opened by registered or recognised charities/occupational pension scheme trustees/limited companies/clubs/societies.
		AER means Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year.
	www.first-independent-direct.co.uk /charities/rates.htm (689 words)

	TRD - Interest Rates (Site not responding. Last check: 2007-10-31)
		The interest rate applicable to the underpayment of taxes, Electricity Act payments, and amounts payable with respect to small business development grants will be 9%.
		The interest rate for calculating interest paid on amounts credited or refunded as the result of certain successful appeals or objections will be 6%.
		Note: Effective July 1, 2006 Ontario changed the method of calculating the interest rate to be paid on overpayments of tax (i.e., refunds and surplus instalments).
	www.trd.fin.gov.on.ca /userfiles/HTML/cma_3_19943_1.html (173 words)

	Effective Interest Rate (Site not responding. Last check: 2007-10-31)
		Effective interest rate The calculated interest rate that may take into account stock, fees, and compounding; in contrast to a quoted rate of interest.
		Definition of Effective interest rate In contrast to a nominal interest rate, the period of time after that the interest is credited coincides with the basic time unit (normally one year).
		Effective annual interest rate An annual measure of the time value of money that fully reflects the effects of compounding.
	www.interestratex.com /effectiveinterestrate (916 words)

	Average & effective interest rates
		The average special-issue interest rate for a calendar year is the average of the 12 monthly interest rates on new issues during the year.
		An effective interest rate for a calendar year is the interest earned in that year divided by the average level of assets held during the year.
		This rate reflects the entire portfolio of securites held by the Social Security trust funds.
	www.ssa.gov /OACT/ProgData/annualinterestrates.html (93 words)

	Guaranteed Interest Calculation Module (Site not responding. Last check: 2007-10-31)
		The calculation is based on gross guaranteed annual effective interest rates maintained by fund/investment.
		The results of the guaranteed interest calculation, compared with the company's earnings from the pool of marketable securities, will determine whether the company is making a net gain or loss from this portfolio of business.
		This dollar amount is recorded as a financial accounting entry to the insurance fund interest account, to update the fund and deposit age bucket balances.
	www.sungard.com /products_and_services/sis/eas/solutions/eas_guar_interest.htm (251 words)

	Investors Community Bank - Deposit Interest Rates
		Interest on checking, saving and money market accounts will be compounded and credited to your account monthly.
		Interest begins to accrue no later than the first business day after we receive credit for non cash items (checks) and we use the daily balance method to calculate the interest, applying a periodic rate to the collected balance in the account each day using a 365 day basis.
		A penalty may be imposed for early withdrawal of a CD account or early withdrawal of an IRA.
	www.investorscommunitybank.com /intrates.html (142 words)

	Town North Bank - Interest Rates (Site not responding. Last check: 2007-10-31)
		Rates are updated every Friday and are subject to change daily.
		Rates may change after the account is open.
		The stated Annual Percentage Yield (APY) assumes no withdrawal of interest or principal during the term of the Certificate of Deposit (CD).
	www.tnnb.com /personal/cdrates.htm (249 words)

	Wisconsin DETF - Investment Earnings Distribution Report (ET-2124)
		Annual interest on core fund contributions is credited each December 31on monies which have been in the system for a full calendar year.
		All active participants' interest on core employee-required contributions is at the effective rate.
		However, if these participants come back to covered employment, annual interest on their core employee contributions will prospectively be credited at the effective rate each December 31.
	etf.wi.gov /publications/et2124.htm (1286 words)

	Target Corporation Credit Union-Rates
		Dividends are credited to the accounts on the last day of each month and the accounts must have a deposit balance and be open to receive dividends.
		Rates quoted are increased by.25 points if repaid by check or cash.
		Interest rate is 2.00 points greater than the Interest rate earned on the Certificate of Deposit.
	www.targetcorpcu.org /prodserv/rates.html (533 words)

	Interest Rates Effective as at 3 August 2006
		Interest rates for Growth Term DIRECT and Yield Call GOLD accounts are fixed for the term of the investment.
		Some competitors quote 'effective' rates which annualise the interest rate and can be misleadingly higher.
		Interest rates, terms and conditions may differ for particular persons or groups.
	www.graincorp.com.au /bins/ag_fin_content_page.asp?cid=2-633-658 (270 words)

	TG: Interest Rates (Site not responding. Last check: 2007-10-31)
		All Federal Stafford and PLUS loans that are first disbursed on or after July 1, 2006, will have a fixed interest rate of 6.8 percent and 8.5 percent, respectively, for the life of the loan.
		In addition, on July 1, 2006, the interest rates on existing Federal Stafford, SLS, and PLUS loans that are subject to the variable-rate provision will change.
		The chart titled "2006-2007 Interest Rates," available in the left-hand column, outlines the change in interest rates for new fixed-rate loans as well as older variable-rate loans.
	www.tgslc.org /resources/intrates.cfm (126 words)

	ADfund \|\| Interest Rates
		Other rates are for the duration of the term invested.
		Interest is calculated daily and paid quarterly (on 31 March, 30 June, 30 September and 31 December) or on maturity.
		Rates paid on Ministry Support Accounts are equivalent to the rates for At Call or Term Investments, but interest income is assigned to the ministry organisation of you choose.
	www.adfund.co.nz /Rates.html (143 words)

	National Education - Borrower Benefits - Interest Rates
		For interest rates on loans made July 1, 1998 through June 30, 2006, click here.
		Prior to the time of consolidation, the interest is calculated using the weighted average of the rates of each individual loan, rounded up to the nearest 1/8%.
		Interest rates are adjusted quarterly for the Preferred Alternative Loan.
	www.nationaled.net /interest_rates.asp (101 words)

	Union Federal Banking Center - Rates / Fees Information
		Union Federal Bank uses the daily balance method of computing interest, which applies a daily periodic rate to the full collected amount of principal in the account each day.
		Certificate of Deposit interest rates are fixed for the term of the account and may change during grace period.
		Interest added to the account is not principal until at which time the account matures.
	www.ufbbankingcenter.com /household/rates.asp (388 words)

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