Interest has accrued at the rate of about $2 million a month.

The interest on the money would accrue tax free and could be used for children from kindergarten through high school.

But the interest will have accrued at a floating rate that is now about 10 percent.

You can limit the interest accruing by paying the amount due.

Even though we have been in construction for a year, there is no interest accruing.

Interest does not accrue on subsidized loans while the students are in school.

The payment must be greater than or equal to the interest accruing on the loan.

Part of the loan may be subsidized, so that interest does not accrue while the student remains in school.

During the grace period, no interest accrues on subsidized loans.

This means that, in the above example, for every 100 nominal bond, interest accrues at the daily rate of 0.021614583.