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- W165374194 abstract "On the grounds of simplicity, it is the custom in many sections of the retail trade, in the hire purchase industry and elsewhere, to charge what are called flat rates of interest, that is, where the interest charge is based on the original amount of the loan and does not reduce as principal repayments are made. This chapter describes two aspects of a type of transaction: (1) the real or effective rate of interest that is being charged, and (2) the outstanding debt at any stage. The chapter also presents a few examples of the actuarial method." @default.
- W165374194 created "2016-06-24" @default.
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- W165374194 date "1968-01-01" @default.
- W165374194 modified "2023-09-26" @default.
- W165374194 title "CONTRACTS AT “FLAT” RATES OF INTEREST" @default.
- W165374194 doi "https://doi.org/10.1016/b978-0-08-021796-3.50012-2" @default.
- W165374194 hasPublicationYear "1968" @default.
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