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What is the difference between a Repayment Rate and Average Repayment Rate?

April 26, 2017average difference rate repayment

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What is the difference between a Repayment Rate and Average Repayment Rate?

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(top) Repayment Rate: Sum of all repayments in the LTM divided by the total amount outstanding 12 months ago Average Repayment Rate: Sum of all repayments in the LTM divided by the average of the total amount outstanding in the beginning and end of the period