Define simple interest as it relates to an installment loan. Are you better off with add-on interest?

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Define simple interest as it relates to an installment loan. Are you better off with add-on interest? Explain.

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:32 AM

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Define simple interest as it relates to an installment loan. Are you better off with add-on interest?

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The simple interest method on installment loans refers to the fact that interest is c...View the full answer

Personal Financial Planning

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