Author Question: Annual interest rates will fluctuate based on the current ____________________. Fill in the ... (Read 29 times)

tiffannnnyyyyyy · **on:** Jul 21, 2018

Annual interest rates will fluctuate based on the current ___________________ _.

Fill in the blank(s) with the appropriate word(s).

Question 2

Which of the following is true of a discount loan?

a. Interest owed plus the payment on the principal is equal throughout repayment.
b. Interest is subtracted from the principal when the loan is made.
c. Interest is charged for the entire amount of principal for the full repayment period.
d. Total principal plus total interest is divided into combined equal installments.