Actual interest rate

In the case of loans, the nominal interest rate taking into account – discounts, – processing fees, – repayment terms, such as repayment amounts, grace periods, repayment dates, repayment settlement dates, – interest payment dates and (infra-annual, in-year spending; during the year) interest settlement dates, as well as – interest day counting and this – in Germany per month 30 days and the year 360 days, in the U.S. and other places usually to the day (dayexact calculation). – The effective interest rate should not be confused with the real interest rate, which is nevertheless often done. – See Actual/Actual, Bank Twelve, Eurozinsmethode, Zinstagezählung.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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