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In a discount basis loan,

Which of the following is a true statement regarding interest calculation methods?A. If a borrower receives a loan on a discount
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2. asked by Anonymous
3. 822 views
In a discount basis loan, interest is "paid" at the time the loan is made by deducting the interest amount from the loan amount.
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2. 18 views
Loan Amount: $15,000Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest
1. 1 answer
2. asked by sarah
3. 934 views
Loan Amount: $13,000Method of payment: discount basis Amount of Interest: $625 Term of loan: 1 year Effective Rate of Interest
1. 2 answers
2. asked by beyonce
3. 1,373 views
Loan Amount: $15,000Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest
1. 1 answer
2. asked by sarah
3. 1,459 views
The following note was discounted at 16%. Find (a) the discount period, (b) the discount, and (c) the proceeds.Date loan was
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2. asked by Felicia
3. 709 views
loan made july 15, length of loan 150, date of discount november 20. how many days is the discount period
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2. asked by Pascal
3. 939 views
In this question we will check if a discount is actually a discount. Say you are to borrow $100 for a year at a simple interest
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2. asked by Lisa
3. 570 views
In this question we will check if a discount is actually a discount. Say you are to borrow $100 for a year at a simple interest
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2. asked by james smith
3. 535 views
Wilson borrowed $14,357 for 100 days at 15% simple interest. If we looked at this loan as simple discount loan instead, what
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2. asked by Anna
3. 426 views