An interest rate is the rate at which interest is paid by a borrower (debtor) for the use of money that they borrow from a lender (creditor).

learn more… | top users | synonyms

2
votes
3answers
146 views
+50

Forward rates formulae

I am now working with forward rates and have somehow been asked to use an "intuitive" formula for forward rates. $$ \frac{F(0,s,T)}{F(0,t,T)} = \frac{F(s,s,T)}{F(s,t,T)} $$ I can understand the ...