Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

The contractual rate of interest is usually stated as a(n)

1 answer below »
The contractual rate of interest is usually stated as a(n)
Answered Same Day Dec 24, 2021

Solution

Robert answered on Dec 24 2021
111 Votes
The contractual rate of interest is usually stated as a (n)
A) Monthly rate.
B) Daily rate.
C) Semiannual rate.
D) Annual rate
Contractual interest rate is the rate which has been stated on a note payable or bond
payable. Generally this rate will remain fixed and not changed during the...
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers