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.
The effective interest rate has nothing to do with the interest rates used to project the cash flow, only those used to discount the cash flow. In these examples, note that how one gets $X or $Y is not taken into account in calculating the Funding Target or the effective interest rate. I hope this helps.