Original Articles

The true cost of loans with rests between adjustment of principal

Published in: Investment Analysts Journal
Volume 16 , issue 29 , 1987 , pages: 17–21

DOI: 10.1080/10293523.1987.11082257

Author(s): John A Rickard [AN0001] , Neville J Hathaway [AN0001] , Allen M Russel [AN0002]

Abstract

In a rested interest loan, the frequency of adjustment of the outstanding principal is different to the repayment frequency. In this paper, the structure of rested interest loans is investigated and compared to more conventional loans in which the frequencies are the same.

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