英语词汇“simple interest mortgage”的翻译、意思、用法、释义-英汉经管词典

单词	simple interest mortgage
释义	simple interest mortgage Definition A type of mortgage with an interest rate calculated daily. The daily interest is derived from dividing the interest rate by 365 days, then multiplying the value by the mortgage balance. Simple interest mortgage rates are higher than traditional mortgage rates because of the way in which interest is calculated.
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