Question
You transfer your mortgage balance of 1Million SEK to another bank. The other bank charges no interest for the first 3 months, then the interest
You transfer your mortgage balance of 1Million SEK to another bank. The other bank charges no interest for the first 3 months, then the interest for your debt will be 12% per year compounded monthly. If you are not making any payments at all to the bank, how much interest will you owe at the end of 9 months?
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
