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3 docs tagged with "interest"

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Redraw

For dynamic term or interest-only loan accounts configured with the Redraw capability, Mambu maintains two key balances: the *Outstanding Principal...

Truncating and rounding interest

It's uncommon to use more than two decimals in daily life. In order to show usable values we truncate and round interest to display a whole number or...

Truncating and rounding interest

It's uncommon to use more than two decimals in daily life. In order to show usable values we truncate and round interest to display a whole number or...