In a discount interest loan, you pay the interest payment upfront. For example, if a 1-year loan

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In a discount interest loan, you pay the interest payment upfront. For example, if a 1-year loan is stated as $24,000 and theinterest rate is 11.75%, the borrower â??paysâ? 0.1175 Ã? $24,000 =$2,8 1 answer

Posted Date: May 23, 2024 06:12 PM

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In a discount interest loan, you pay the interest payment upfront. For example, if a 1-year loan

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