Pwede ko patambag about aning Perpetuity?

[jessica_jung34]

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HI istoryans! Pwede ko patambag about aning Perpetuity?

what is the AveragE perpetuity interest in most banks in the philippines? Is there a world standard?

I am referring to this formula from wikipedia.


Is perpetuity the same as time deposit? OR timeLESS deposit?

• Savings Accounts?
• Checking Accounts?
• Home Loan Rates?
• Insurance Rates?
• Business Accounts?
• Time Deposit Rates?

[jessica_jung34]

by month ba ang interest ani. or by year?

[spartan301]

HI istoryans! Pwede ko patambag about aning Perpetuity?

what is the AveragE perpetuity interest in most banks in the philippines? Is there a world standard?

I am referring to this formula from wikipedia.


Is perpetuity the same as time deposit? OR timeLESS deposit?

• Savings Accounts?
• Checking Accounts?
• Home Loan Rates?
• Insurance Rates?
• Business Accounts?
• Time Deposit Rates?

No such thing as world standard interest rate...

For philippines bank settings:

Savings n checking int. rates are computed d same as wid any other banks
-average daily balance x int. rate x no. Of days/360 - tax

For auto n housing loan
-dont know d formula but not based on perpetuity.. Youll notice monthly amortizations for these personal loans are the same thru-out the entire term of the loan... So basically, there are months wherein if interest is high, then principal is low and vice versa...

Or business loans
-amount of promissory note x rate x no. Of days/ 360.. However, take note if collected in arrears or advance.. If in arrears then the rate theyre chargin is the real rate... If in advance, basically it costs more than the said rate...

Financing companies charge add-on rates... Not all thou...

Interest rate computations vary from 1 product to another, even in 1 company..

[cebu.opportunities]

No such thing as world standard interest rate...

For philippines bank settings:

Savings n checking int. rates are computed d same as wid any other banks
-average daily balance x int. rate x no. Of days/360 - tax

For auto n housing loan
-dont know d formula but not based on perpetuity.. Youll notice monthly amortizations for these personal loans are the same thru-out the entire term of the loan... So basically, there are months wherein if interest is high, then principal is low and vice versa...

Or business loans
-amount of promissory note x rate x no. Of days/ 360.. However, take note if collected in arrears or advance.. If in arrears then the rate theyre chargin is the real rate... If in advance, basically it costs more than the said rate...

Financing companies charge add-on rates... Not all thou...

Interest rate computations vary from 1 product to another, even in 1 company..

savings and checking interest rates
- 20% withholding tax for php

naa ko question bout sa auto and housing loan
- yes, monthly amortization is the same throughout the entire term of the loan or within the number of years of interest rate fixing but:
1. when you pay in advance, everything will be recalculated since the advance payment will lessen the principal amount. in this case, monthly amortization will be adjusted pero standard ba na siya na the up-to-date principal amount be recomputed then i-stretch throughout the loan term?

2. when you have designated a certain number of years for interest rate fixing, the monthly amortization will be the same throughout that number of years fixing then readjusted again according to the interest rate during the last year of the number of years fixing. fix napud siya within that term and adjusted again when the fixing term ends so on and so forth until the loan term ends