Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Here are some states' approaches to the question of awarding post-judgment interest: 1  California provides for a fixed interest rate of 10% per annum for postjudgment interest. 2  North Carolina applies a statutory rate of 8%.
For example, if the nominal interest rate offered on a three-year deposit is 4% and the inflation rate over this period is 3%, the investorâs real rate of return would be 1%.While the real rate is low, at least it will preserve the investorâs purchasing power.n the other hand, if the nominal interest rate is, say, 2% in an environment of 3% inflation, the investorâs purchasing power would erode by 1% per annum. Central banks set short-term nominal interest rates, which then form the basis for other interest rates charged by banks and financial institutions.