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Published in:
2021 | OriginalPaper | Chapter
7. Short and Long Periods
Author : Bernd Luderer
Published in: Classical Financial Mathematics
Publisher: Springer Fachmedien Wiesbaden
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Abstract
If the interest period does not coincide with the (usually shorter) periods of installment payments or interest payments, one must determine how the interest rates of the short periods relate to those of the original interest period.