Why are loan payments under the simple interest method usually lower than loan payments under the add- on interest method?
Answer to relevant QuestionsList the steps in buying a car. What financial criteria should be considered? Discuss each briefly. Who extends student loans? What are the characteristics of student loans? What information is included in a loan contract? How is the amount of the loan determined? What if Beth had made the same loan as an add-on interest loan? How would her payments differ? Why is there a difference? What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you?
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