Sentences with phrase «same effective interest rate»

The unused line of credit grows over time, independent of the home's value, at the same effective interest rate that would accrue to an outstanding loan balance.

Not exact matches

Both situations have the same root: regulators want to control the market without doing the obvious, and probably most effective thing, which is to raise interest rates.

3 Due to rounding, the illustrated returns for the Principal Plus Interest Option may be slightly higher or lower than the figures derived from the effective annual interest rates credited for the sameInterest Option may be slightly higher or lower than the figures derived from the effective annual interest rates credited for the sameinterest rates credited for the same period.

The effective interest rate is the interest rate you would have been given, to achieve the same closing balance, if you did not have the benefit of compounding interest or been charged any fees.

In this same example of a 6 % interest rate, the US effective rate is 6.17 %.