From a Lender's Point of View, Would You Rather Disclose

question 14

Essay

From a lender's point of view, would you rather disclose to borrowers the nominal interest rate or the effective interest rate?

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Definitions:

RAD

Rapid Application Development is a form of agile software development methodology that prioritizes rapid prototype releases and iterations.

Iterative Process

A method of operation that involves repeating a series of steps to achieve a goal or refine results with each repetition.

ASP

Stands for Active Server Pages, a Microsoft technology for dynamically generated web pages that also refers to Application Service Provider, a business providing computer-based services to customers over a network.

Hidden Backlog

Unrecognized or undisclosed work that remains to be done or issues that have not been addressed in a project or system.