Sentence examples for effective annual rate from inspiring English sources

The Co-operative Bank charges its current account customers 1% (minimum £15) for arranging the overdraft, plus an £8 per month fee, plus interest at 19.56% effective annual rate (EAR).

She sold them over 15 weeks for about $800, with $110 in interest going back to Finca, an effective annual rate about five times higher than any United States credit card company could legally charge.

Effective annual rate: 7.48%.

In that case, the effective annual rate is 12.7%.

At the end of the credit check, you'll instantly get the effective annual rate and how much the credit line is actually going to cost.

Fully 10% of this year's expected $25 million-plus in revenues will come from buyers on the installment plan, who pay up to 2% in interest a month (an effective annual rate of 27%).

If your interest is compounded, this may not be the exact interest rate, but the effective annual percentage rate for that year.

In other words, if the interest rate being charged is 7percentthetheffectiveve annual percentage rate of the loan might be 7.3percentt when the costs of obtaining the loan are taken into consideration.

Those terms, including fees and finance charges, work out to an effective annual interest rate of more than 36percentt.

COST Purchase-order financing costs 4 to 5 percent monthly; factorers usually charge an effective annual interest rate of 18 to 30 percent, said Mr. Walsleben, who is also a co-owner of the Hamilton Group, a factoring company.

For many, the solution will be to plunge further into debt via expensive overdrafts, credit cards or pricey unsecured personal loans; worse, others will resort to doorstep lenders, loans secured against their home or - in the worst cases - loan sharks, whose effective annual percentage rate (APR) for borrowing can easily run well above 100percentnt.