What Prime Rate percentage does the simulation use?

| Print |

The simulation uses historically accurate Prime Rate percentages. In the year prior to Round 1 (Round 0) the rate was 6.5%. The rate increases a half of percentage point each of the following years.

Prime Rates

Round 0 1 2 3 4 5 6 7 8
Percentage 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5%