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Which of the following is interest meant to do? help you pay for college enable a bank to cover expenses bring profit the lender deter you from borrowing too much

Bethany Evans

in Business

1 answer

1 answer

Megan Page on December 6, 2018

Response;the benefit of the lenderExplanation;-the Interest is the price for the privilege of borrowing money, typically expressed as an annual percentage rate. For the borrower it is the cost of renting the money, the lender of the proceeds of the loans. -The interest rate is usually expressed as an annual percentage of the principal, and is influenced by the money supply, fiscal policy, the amount to be borrowed, the creditworthiness of the borrower, and the inflation rate. -Interests influence the cost of loans, return of savings, and are an important component of the total return of the investment.

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