A method of calculating interest by computing finance charges on the original loan balance and then adding the interest
Posted: Thu Jul 21, 2022 8:57 pm
A method of calculating interest by computing finance charges on the original loan balance and then adding the interest to that balance.
A. Rule of 78s
B. Add-on method
C. Credit life
D. Pre-payment penalties
A. Rule of 78s
B. Add-on method
C. Credit life
D. Pre-payment penalties