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What is the effective interest rate of the monthly payment plan and the five-year installment plan?

April 26, 2017effective Five-Year installment Interest rate payment Plan

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What is the effective interest rate of the monthly payment plan and the five-year installment plan?

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The monthly and five-year payment plans include an average effective interest rate of 4.42%. Participants signing up in future years may have payments which reflect a different rate. Once a contract is purchased, the designated payment amount will not change.