Economics, Econometrics and Finance
8 years ago

New formulas reveal true cost of deposits and mortgages in China.

Journal of Henan Textile College
On calculation of Actual Interest Rate
Shi Li

Paper Summary

The article discusses how to calculate the actual interest rate for fixed deposits and mortgages. It provides formulas for calculating the actual interest rate over a certain number of years. The research also explores how the actual interest rate is used in China's deposit and mortgage policies.

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