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Effective Interest Rate |
Also found in: Wikipedia | 0.01 sec. |
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Effective Interest Rate The annual rate at which an investment grows in value when interest is credited more often than once a year. |
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? Mentioned in | ? References in periodicals archive | |
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In 2004 the combined trust fund assets earned interest at an effective annual rate of 5. The $15 million of surplus relief for one year equates to an effective annual rate of about 6. 5%, compared with prior guidance issued in July 2006 for an effective annual rate in the range of 39. |
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Effective annual rate