Question: Why are loan payments under the simple interest method usually lower than loan payments under the add- on interest method?
Step by Step Solution
3.33 Rating (159 Votes )
There are 3 Steps involved in it
Under the simple interest method interest is calculated on the remainin... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
539-B-C-F-G-F (1772).docx
120 KBs Word File
