Question: The method of computing and quoting interest rates based on applying an interest rate to the daily loan balance outstanding during a specified period
The method of computing and quoting interest rates based on applying an interest rate to the daily loan balance outstanding during a specified period of time OA floating interest rate OB. fixed interest rate specified interest rate O D. simple interest
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
