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.
1 When the prime rate is at 3.25 percent, that is the effective floor of the rate--unless the major banks change the way they calculate the prime rate. 2  From the 3.25 percent level, the prime rate can only stay level or go up.