Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What factors affect the true cost of borrowing money?

0
Posted

What factors affect the true cost of borrowing money?

0

the interest rate and a rebate. The interest rate is self explanatory. As for the rebate, some loans have money taken out of them and if you’re on time to pay the first 12 repayments, you get that rebate money back and don’t have to pay it. However, if you mess up, you lose that rebate and end up paying more.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123