True/False
The term "ordinary interest" means a loan is for less than one year.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: When calculating ordinary interest, the denominator of
Q15: Simple interest applies when a loan is
Q16: Rate is the number of days, months,
Q17: A loan is dated June 9 and
Q18: How much interest will have to be
Q20: If you borrow money from a bank
Q21: If you borrow money from a bank
Q22: Ordinary interest using the exact time method
Q23: In a promissory note, the person borrowing
Q24: When a business sells a note to