Meaning of the accrual rate and payment rate on the mortgage loan. The effect of the two being equal, what happens if the accrual rate is higher than the payment rate; and what happens if the payment rates exceed the accrual rates.

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Chapter 4, Problem 10Q

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To discuss: Meaning of the accrual rate and payment rate on the mortgage loan. The effect of the two being equal, what happens if the accrual rate is higher than the payment rate; and what happens if the payment rates exceed the accrual rates.

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