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# zinsstaffelmethode

## English translation: compound interest

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
 German term or phrase: zinsstaffelmethode English translation: compound interest Entered by:

 05:25 Jul 12, 2001
German to English translations [PRO]
Bus/Financial
 German term or phrase: zinsstaffelmethode This is a technical financial term for a method of calculating interest. I don't think context is relevant here. Does anybody know, or can anybody find, the English equivalent?
 Tim DraytonCyprus Local time: 04:42
 compound interest method Explanation:Means interest is added daily to principal and computed and booked accordingly. The 7/10 actuarial method states that at 7 % compounded interest, your principal doubles every 10 years, at 10 %, it doubles every 7 years.
Selected response from:

gangels
Local time: 19:42
 Thanks. I couldn't track this term down anywhere, and I didn't realise it was something as basic as 'compound interest'.4 KudoZ points were awarded for this answer

na +1equation of interest
 Kim Metzger
 Alison Schwitzgebel
nacompound interest methodgangels

8 mins peer agreement (net): +1
equation of interest

Explanation:
My dictionary provides the following translations for Zinsstaffel: interest table, day-to-day interest statement, interest calculation list, equation of interest. Hope this helps.

 Kim MetzgerMexicoLocal time: 20:42Native speaker of: EnglishPRO pts in pair: 21718

agree  Matthew Harris: day-to-day calculation of interest, as well [Zahn]
 8 mins

1 hr
compound interest method

Explanation:
Means interest is added daily to principal and computed and booked accordingly. The 7/10 actuarial method states that at 7 % compounded interest, your principal doubles every 10 years, at 10 %, it doubles every 7 years.

 gangelsLocal time: 19:42Native speaker of: English, GermanPRO pts in pair: 5392
 Thanks. I couldn't track this term down anywhere, and I didn't realise it was something as basic as 'compound interest'.

6 hrs
day-to-day calculation of interest

Explanation:
This translation comes from Zahn and is a literal translation of what is meant by the "Zinsstaffelmethode". This is more commonly known in anglo-saxon usage as compound interest.

 Alison SchwitzgebelGermanyLocal time: 03:42Native speaker of: English, GermanPRO pts in pair: 3409