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1. I'm considering requesting an internal loan to purchase equipment.
How do I find out what the interest rate will be?
A: Interest rates on internal loans are based on the federal rate on U.S. Government Securities, Treasury Constant Maturities, as published on the following web site: http://www.federalreserve.gov/releases/h15/
To cover administrative costs, 1.5% is added to the published rate. The rate is determined as of the date the equipment is paid for, using the term which matches the term of the loan. Contact Susan Wells in the Controller's Office for further information.
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