The true cost of lending is the
A) annual percentage rate.
B) effective annual rate.
C) quoted interest rate.
D) none of the above.
Answer: B
The true cost of lending is the
A) annual percentage rate.
B) effective annual rate.
C) quoted interest rate.
D) none of the above.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.