SIMPLE-INTEREST MORTGAGE
Simple-interest mortgage is a mortgage wherein the computation of interest takes place daily. A traditional mortgage computes interest monthly. The computation of a daily interest charge in the simple-interest mortgage is done by dividing the interest rate by 365 days and then multiplying it by the amount of the mortgage balance. With the same concept. a monthly interest charge is determined the same way. For a short cut, just multiply the daily interest charge by the number of days in the month.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 09:30 | Consumer Price Index - EU Harmonised | Jan | |
| 09:30 | CPI | Jan | |
| 09:45 | Industrial Production | Dec | |
| 10:45 | Вице-президент ЕЦБ Луис де Гиндос выступит с речью | ||
| 11:30 | Construction Output | Dec | |
| 11:30 | Index of Services | Dec | |
| 11:30 | Business Investment | 4 quarter | |
| 11:30 | Visible Trade Balance | Dec | |
| 11:30 | Manufacturing Production | Dec |
