Use the this calculator to show the effect of interest on our government and local body debt.
Set the interest rate at 7.50% for Loan Plan 1
(In the Long Term Council Community Plans throughout New Zealand - 2006-2016, the highest assumed rate of interest was 9%, the lowest 7%. Most local authorities have selected a rate in the region of 7.25-7.5% per annum).
Set the interest rate at 1.00% (Using our own Reserve Bank) for Loan Plan 2.
