'Simple interest installment loan' presentation slideshows

500 views • 7 slides

7-6 HOW DO WE DETERMINE THE ANNUAL PERCENTAGE RATE (APR)?

7-6 HOW DO WE DETERMINE THE ANNUAL PERCENTAGE RATE (APR)?. If you know the number of monthly payments and the finance charge per $100 of the amount financed, you can use a table to find the annual percentage rate of the loan.

236 views • 4 slides

7-5 HOW DO WE PAY OFF SIMPLE-INTEREST INSTALLMENT LOANS?

7-5 HOW DO WE PAY OFF SIMPLE-INTEREST INSTALLMENT LOANS?. The truth-in-Lending Law specifies that if a loan is paid off early, the lender must disclose the method for paying off the loan.

123 views • 2 slides