Using the ____________ Would Be Least Expensive for the Borrower

question 39

Multiple Choice

Using the ____________ would be least expensive for the borrower when determining the total amount to be paid to the lender. ​

• A)simple interest method
• B)add-on interest method
• C)discount method
• D)sum-of-the-digits method

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Definitions:

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Market Competitiveness

The ability of a company or product to compete effectively in the marketplace based on factors like price, quality, and innovation.

Market Access

The conditions and barriers that a company faces when trying to enter a new market or industry, including regulatory, policy, and trade barriers.

Targeting Strategy

An approach businesses use to identify and serve specific segments of the market that are most likely to benefit from their products or services.