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|Title:||How much are you really paying? A study of the effective interest rate||Authors:||Tham Shun Kin Mark, Wong Wee Chong, Lee Huey Jiun||Keywords:||DRNTU::Business::Finance::Interest rates||Issue Date:||1997||Abstract:||Unlike countries such as United States, United Kingdom and Australia, Singapore does not require financial institutions to disclose the effective interest rate underlying a loan. In addition, there is a genuine lack of understanding of the theory of interest among the public. Consequently, a borrower's cost of finance is very often not properly reflected through the quoted rates of interest.||Description:||68 p.||URI:||http://hdl.handle.net/10356/57967||Rights:||Nanyang Technological University||Fulltext Permission:||restricted||Fulltext Availability:||With Fulltext|
|Appears in Collections:||NBS Student Reports (FYP/IA/PA/PI)|
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