APR & Effective Interest Rate with Fees and Compulsory Savings
This lesson is part of the course
In this lesson
You find out what a Lumen loan with a flat rate, an upfront fee and a compulsory savings deposit really costs, as an APR with RATE and as an effective rate with EFFECT.
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Lessons in this course
- Flat vs Declining-Balance Interest: Same Rate, Different Cost Locked
- APR & Effective Interest Rate with Fees and Compulsory Savings Locked
- Weekly vs Monthly Repayment Schedules with Due Dates Locked
- Group Lending: On-Time and Cumulative Repayment Rates Locked
- Portfolio at Risk: PAR30, PAR90 and the Ageing Table Locked
- Write-Offs and Loan Loss Provisioning by Ageing Bucket Locked
- Operational Self-Sufficiency, Cost per Borrower & Productivity Locked
- Yield Gap & Interest Rate Setting: Build the Required Rate Locked