Question
The method most commonly used by financialinstitutionsto determine finance charges on consumer loans is the A. add-on interest method B. simple interest method C. discount
The method most commonly used by financialinstitutionsto determine finance charges on consumer loans is the
A. add-on interest method
B. simple interest method
C. discount interest method
D. compound interest method
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
