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Periodic Rate
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Joshua

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0.10 Dollars($)
PostPosted: Tue Nov 22, 2005 2:55 am    Post subject: Periodic Rate
I got to know about periodic rate from my friend. I have a fair idea about it but it is not totally clear. Can you explain me this?
 
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Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor

Joined: 16 Sep 2005

Posts: 1490
Location: MASSACHUSETTS


128.70 Dollars($)
PostPosted: Tue Nov 22, 2005 3:08 am    Post subject: RE:
Hi Joshua,

Welcome to MortgageFit Forums.

When interest rate is described in realtion to a specific amount of time, either monthly or daily it is called period rate.

God Bless You

Thanks,
Samantha
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