If You Were Writing a Paper on the Fluctuations in the Prime

question 66

Short Answer

If you were writing a paper on the fluctuations in the prime interest rate for a BUS 211 class, you would probably use the ________ style guide.

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Definitions:

Pure Discount Loan

A loan where the borrower receives a single lump sum amount upfront and repays the lender a higher amount at the loan's maturity.

Lump Sum

A single payment of money, as opposed to a series of payments made over time.

Borrower Receives

The amount of capital a borrower obtains from a lender under the terms of a loan.

Return Requirement

The expected rate of return that an investment needs to generate to be considered worthwhile.