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Which of the following is defined as the fee a lender charges because they are willing to make a loan and wait for the payment? A. APR B. Interest C. Principal D. Term of the loan
Interest is defined as the fee a lender charges because they are willing to make a loan and wait for the payment.
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Asked 5/21/2013 4:17:51 PM
Updated 11/25/2015 9:47:21 AM
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Interest is defined as the fee a lender charges because they are willing to make a loan and wait for the payment.
Added 11/25/2015 9:47:21 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [11/25/2015 9:50:45 AM]
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Updated 11/25/2015 6:35:46 AM
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Updated 12/15/2015 4:57:27 PM
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The International Monetary Fund assists countries by providing advice and technical assistance.
Added 12/15/2015 4:57:27 PM
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