Rest (finance)

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Rest is a financial terminology, describing the frequency in which an outstanding loan amount is being calculated.[1] Usually the more frequently the outstanding amount is calculated the less the total interest over the entire duration of the loan will be. [2]

References

  1. ^ "Home Loans With Different Rests: Creating Their Amortisation Schedule", iCompareLoan.
  2. ^ Know Your Interest: A Guide to Loans and Investment, by TSE, Yiu Kuen, 1997.
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