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Proportional rate ((See Chapter 17 of the Vernimmen))
Rates are proportional rates if they are in the same proportion to each other as the periods to which they apply. Proportional rates are of interest only in calculating the interest actually paid. In no way can they be compared to other proportional rates, as they are not comparable by definition.
Proportional rate ((See Chapter 17 of the Vernimmen))
Rates are proportional rates if they are in the same proportion to each other as the periods to which they apply. Proportional rates are of interest only in calculating the interest actually paid. In no way can they be compared to other proportional rates, as they are not comparable by definition.
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