the main reasons that lenders charge interest on loans
1. What are the main reasons that lenders charge interest on loans?
2. Give an example of a financial transaction that requires a payment in the future.
3. If you deposit $1,000 in a bank CD that pays interest of 3% per year, how much will you have after two years?
4. What is the present value of $1,200 to be received in one year if the interest rate is 10%?
the main reasons that lenders charge interest on loans