Calculation of interest over 360 days is called …………. Fill in the blank provided. A) Actual interest B) Discount C) Commercial interest D) Interest for the period E) Professional interest
Calculation of interest over 360 days is called …………. Fill in the blank provided. A) Actual interest B) Discount C) Commercial interest D) Interest for the period E) Professional interest
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 5FPE
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Calculation of interest over 360 days is called …………. Fill in the blank provided.
A) Actual interest
B) Discount
C) Commercial interest
D) Interest for the period
E) Professional interest
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