Re: interest rates

2007-02-10 Thread ken
On 02/09/2007 12:29 PM somebody named Prof J C Nash wrote: The important issue is what conventions are used for time and rate. About 25 years ago I tried to get information on this from Canadian banks. Some were cooperative. As I recall, the three that responded used three DIFFERENT rules.

Re: interest rates

2007-02-09 Thread Prof J C Nash
The important issue is what conventions are used for time and rate. About 25 years ago I tried to get information on this from Canadian banks. Some were cooperative. As I recall, the three that responded used three DIFFERENT rules. This was for weekly payment mortgages. In Canada, there is a