The pause may be used. 1  at the end of a short sentence. e.g: I am hungryâ. 2  at the end of a phrase. e.g: In spite of his being poorâ ... 3  at the end of a clause. e.g: Unless you do your homeworkâ ...
The effective annual interest rate is a way of restating the annual interest rate so that it takes into account the effects of compounding.
It is a finance charge expressed as an annual rate. Those terms have formal, legal definitions in some countries or legal jurisdictions, but in general: 1  The nominal APR is the simple-interest rate (for a year).  The effective APR is the fee+compound interest rate (calculated across a year).