Sentences with phrase «annual interest costs»

This suggests a return to the normalized rate of 5.5 %, which would result in Ontario's annual interest costs moving from $ 12 billion to $ 13 billion and climbing to $ 17 billion once all debt is refinanced.

This will save close to $ 800k in annual interest costs.

At that point, assuming the bridge that lasts 50 years, the government would charge the federal budget $ 100 million a year for 50 years, along with the annual interest costs associated with the borrowing.

If that rate holds, that means an eventual $ 61 billion additional, annual interest cost to taxpayers.

If you have poor credit your new credit may be costing you almost 30 % interest and if you are rolling over payday loans your annual interest costs are more like 548 %.

Going back to our example above of having a credit card with an average balance of $ 5,000 and an interest rate of 10 %, we can see that our annual interest cost on the card will be in the neighborhood of $ 500, right?