Each month, the IRS publishes an interest rate index called the Applicable Federal Rates (AFRs). These interest rates are determined by a variety of economic factors, including the prior thirty day average market yields of corresponding US treasury obligations, such as T-bills. The Applicable Fed...
The Japanese currency has strengthened by 9.49% in the current quarter, partially recovering from its earlier losses this year. This was supported by interventions from Japanese authorities, an unexpected interest rate increase by the Bank of Japan to0.25% from 0 0.1% on July 31, and worries ab...
The IRS publishes a document each month that outlines the Federal Short Term Rate for various conditions: 1. Length of loan There are three Applicable Federal Rates, depending on the length of the loan. Short-term -- loans of three years or less Mid-term -- loan terms between three and ...
The applicable federal rate (AFR) is the minimum interest rate that theInternal Revenue Service(IRS) allows for private loans. Each month the IRS publishes a set of interest rates that the agency considers the minimum market rate for loans.1Any interest rate that is less than the AFR would ...
On the other hand, if the interest rate for your family loan is less than the applicable AFR in the month that the loan was initiated, you might have to report additional income based on the difference between the actual interest and the "imputed" interest based on the AFR....
The Canadian dollar hit a 2-month low as war drives demand for the U.S dollar but still had the smallest gain amid an expectation that the Bank of Canada will hike rate next Wednesday. USD/ZAR The rand lost ground to 15.27 versus the greenback as sentiment was also dampened by Fitch ...
Africa’s high return rate for the “frontier market investor” Africa is the place to go for the “frontier market investor” who is seeking a new investment venue with a high rate of return,... Saving Africa’s lands from ever encroaching desert ...
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African Union summit ends with anti el-Shabab plan As the 15th AU summit closed today in Kampala, African Union chairman, also president of Malawi Bingu wa Mutharika said that the big turn... Rwanda: Kagame commended over corruption rate ...
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