When the Original Amount Borrowed Differs from the Amount Repaid

question 37

Multiple Choice

When the original amount borrowed differs from the amount repaid, the note has:

• A)an explicit interest rate.
• B)no interest rate.
• C)a specified interest rate.
• D)an implicit interest rate.

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Definitions:

Discrete Random Variables

Variables that can take on a countable number of distinct and separate values.

Event A

A specific outcome or type of outcome within a probability experiment.

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