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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.
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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