span xml:lang="EN-GBThis also includes the cumulative interest
that was credited to my account at the end of the month, the one net of 15 per cent withholding tax.
As at August 31, 2013, KEV's outstanding RULS of RM1.67 billion comprised cumulative interest
owing to shareholders of MYR 775.2 million (FY2012: MYR 619.7 million).
Public banking allows for infrastructure projects to be financed using the public's credit, thereby saving the cumulative interest
that would have been paid through public finance initiatives.
For example, at a 70% participation rate, the cumulative interest
credited would be 56% (80% x 70%).
"If we add up the interest rate advantages gained in the period 2010 to 2012 and those that Germany will benefit from in the years to come, we arrive at cumulative interest
relief for the German budget of an estimated 67 billion euros," Allianz said in a paper published last September.
Religare Finvest is offering up to 12.5 per cent on its NCDs for retail investments of less than Rs 5 lakh for a five-year tenure under the cumulative interest
payment at the end of maturity or buyback, as applicable
The subordinated debt is rated two notches below BII's 'national long-term rating of AAA(idn) to reflect the instrument's cumulative interest
"The cumulative interest
rate was 4.11 percent," says Joe Crossett, Liberty Hospital administrator.
Row 14 calculates cumulative interest
, row 15 calculates total debt service (equal to principal plus interest), and row16 calculates cumulative debt service.
"A large part of the debt was due to cumulative interest
that often surpasses the amount of money actually borrowed.
The trading conditions deteriorated during 2007 due to cumulative interest
rate increases which, when combined with the credit crunch in the autumn, resulted in fragile consumer confidence, particularly in big ticket retail sectors such as the upholstery market."