Jul 29 2009, 02:45 AM
QUOTE(aeiou228 @ Jul 27 2009, 05:19 PM)
Your effective rate is 7.59% p.a. 
If your HP loan is still new and you have more than enough cash sitting lazily in FD at 2.5%, by transferring the funds from FD to HP. you make your money work 3 times harder.
how to calculate the effective interest rate? what actually is that? If your HP loan is still new and you have more than enough cash sitting lazily in FD at 2.5%, by transferring the funds from FD to HP. you make your money work 3 times harder.
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