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In a discount interest loan,

In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as $10,000 and the
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2. asked by Bryan
3. 1,364 views
Gary can get two loan, $12,000 at 8% simple interest for 9 months or a $12000 9- month discounted loan at 7% discount. based on
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2. asked by sharon
3. 646 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
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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. 534 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.
1. 1 answer
2. 17 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
Please I just cant figure out how to get the discount, thank youI have a loan made april 5th, face value 8500 length 90 days,
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2. asked by sue
3. 457 views
Sam Sounds received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in
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2. 19 views
Loan Amount: $15,000Method of payment: discount basis Amount of Interest : $650 Term of loan: 1 year Effective Rate of Interest
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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. 1,372 views