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When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives?
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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
When a borrower receives the face amount of a discounted note less interest the amount is known as?
When a borrower receives the face amount of a discounted note less interest the amount, this is known as a discount loan. A discount loan is not actually discounted in the traditional sense.
What is a loan - repayment plan in which the principal plus interest is repaid at once?
Loans where the interest accrues over time and then the interest plus the principal are paid are known as "bullet" loans (derived from the theory that having to pay interest plus all of the principal at once is like taking a bullet by the borrower).
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 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 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?
aplus loan proceeds
When a borrower receives the face amount of a discounted note less interest the amount is known as?
When a borrower receives the face amount of a discounted note less interest the amount, this is known as a discount loan. A discount loan is not actually discounted in the traditional sense.
What is the difference of simple interest and simple discount?
Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.
When a borrower pays back a loan both the principal and the interest must be repaid What is the total amount you would pay back on a simple interest loan with a principal of 10500 at 6.3 percent for?
13,807.50
What is a loan - repayment plan in which the principal plus interest is repaid at once?
Loans where the interest accrues over time and then the interest plus the principal are paid are known as "bullet" loans (derived from the theory that having to pay interest plus all of the principal at once is like taking a bullet by the borrower).
Find the interest on a discount loan with a principal of 10000 at 4.3 percent for 123 days?
146.20
Who pays remaining principal on foreclosure?
Remaining principal (and interest on remaining principal unpaid) is the responsibility of the borrower, of course. The lender whose foreclosure sale did not net the full outstanding amount can place a lien on any other property of the borrower and sue to liquidate those possessions or receivables to satisfy the debt.
Charge made for using another's money?
If you are talking about interest, that is a charge that a lender can add onto a borrower's principal amount in exchange for the borrower using the lender's money (aka a loan). If you are talking about a criminal charge, that would be either theft or fraud.
What is a bank discount?
A bank discount is a sum equal to the interest at a given rate on the principal of a bill or note from the time of discounting until it becomes due.
