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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Which of the following is a true statement regarding interest calculation methods? Answer Interest is calculated on either a straight basis or a delayed basis. Interest is calculated on either a straight basis or an undiscounted basis. If a borrower receives a loan on a discount basis, the APR will be less than the simple interest. If a borrower receives a loan on a discount basis, the APR will be more than the simple interest rate.
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