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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: Tim Drayton
Options:
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- Include in personal glossary

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 Drayton
Cyprus
Local time: 22:20
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: 13:20
Grading comment
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

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Summary of answers provided
na +1equation of interest
Kim Metzger
naday-to-day calculation of interest
Alison Schwitzgebel
nacompound interest methodgangels


  

Answers


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 Metzger
Mexico
Local time: 14:20
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 21844

Peer comments on this answer (and responses from the answerer)
agree  Matthew Harris: day-to-day calculation of interest, as well [Zahn]
8 mins
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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.

gangels
Local time: 13:20
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in pair: 5508
Grading comment
Thanks. I couldn't track this term down anywhere, and I didn't realise it was something as basic as 'compound interest'.
Login to enter a peer comment (or grade)

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 Schwitzgebel
France
Local time: 21:20
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in pair: 3409
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