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Business, 23.04.2021 03:20 alott1121

Which of the following statements concerning the add-on interest method is true? O Interest is added to the amount borrowed before the payments are calculated.
O It usually results in a higher APR than the discount interest method.
O The lender subtracts the interest due from the principal before the borrower receives the loan proceeds.
O It results in a lower APR than the simple interest method.

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Which of the following statements concerning the add-on interest method is true? O Interest is add...

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