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A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today.
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What is a discounted bank loan?
it is when interest is paid in advance at the beginning of the loan term on a discount loan
Are Discount points a percentage of the loan amount?
yes
When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is remainder of the loan called?
loan proceeds
When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder. What is the remainder of the loan called?
loan proceeds
When a borrower received a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is the remainder of the loan called?
loan proceeds
What is loan discount?
A pure discount loan is the simplest form of a loan. With such a loan, the borrower receives money today and repays a single lump sum in the future. A one year 10% pure discount loan, for example would require the borrower to repay $1.10 in one year for every dollar borrowed today. Hope this helps!
What is a discounted bank loan?
it is when interest is paid in advance at the beginning of the loan term on a discount loan
Are Discount points a percentage of the loan amount?
yes
When a borrower receives a discount loan the interests total is subtracted from the principal and the borrower receives the remainder. What is the remainder of the loan called?
loan proceeds
When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder. What is the remainder of the loan called?
loan proceeds
When a borrower received a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is the remainder of the loan called?
loan proceeds
When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is remainder of the loan called?
loan proceeds
When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is the remainder of the loan called?
aplus loan proceeds
How much is the loan proceeds for a discount loan of one thousand dollars at 3.5 percent for 230 days?
977.95
How much would be the loan proceeds from a discount loan of 1000 at 3.5 percent for 230 days?
9938.20wrong997.95 is correct
What is the potential for advancement as a bank loan officer?
well you get to work in a bank and therefore you get a discount
How are small business loan rates affected by the Fed discount rate?
All loan rates are effected by the federal rate. if the federal rate increases then all loan rates will do likewise.
