# Zinsstaffelmethode

## English translation: compound interest method

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
 German term or phrase: Zinsstaffelmethode English translation: compound interest method

 01:49 Sep 19, 2001
German to English translations [PRO]
Bus/Financial
 German term or phrase: Zinsstaffelmethode Missing word in a sentence already in English: Adjustment of the method of amortizing the deferred income: declining balance instead of straight-line method and making use of the so-called "Zinsstaffelmethode". Any ideas, anyone?
 KrokodilGermany Local time: 11:24
 compound interest method Explanation:This one has come up before. This is the answer selected the last time. 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:

Alison Schwitzgebel
France
Local time: 11:24
 Suppose I should have consulted the glossary beforehand! Thanks for your replies.4 KudoZ points were awarded for this answer

Summary of answers provided
5 +2compound interest method
 Alison Schwitzgebel
5 +1day-to-day calculation of interest
 Andy Lemminger

11 mins   confidence: peer agreement (net): +1
day-to-day calculation of interest

Explanation:
hth

own experience as auditor
 Andy LemmingerCanadaLocal time: 03:24Native speaker of: GermanPRO pts in pair: 1127

Peer comments on this answer (and responses from the answerer)
agree  Ralf Lemster: Zahn agrees
 53 mins
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13 mins   confidence: peer agreement (net): +2
compound interest method

Explanation:
This one has come up before. This is the answer selected the last time.

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.

 Alison SchwitzgebelFranceLocal time: 11:24Native speaker of: English, GermanPRO pts in pair: 3409
 Suppose I should have consulted the glossary beforehand! Thanks for your replies.

Peer comments on this answer (and responses from the answerer)
agree
 3 mins

agree  Ursula Peter-Czichi: Staffelzinsen = interest on equated accounts
 9 mins
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