 |
What factors affect the true cost of borrowing money? |
[Edit] |
[Edit] 
Answer
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.
First answer by Elaine C. Last edit by Elaine C. Contributor trust: 162 [recommend contributor]. Question popularity: 40 [recommend question]
Answers.com > Wiki Answers > Categories > Jobs and Education > What factors affect the true cost of borrowing money?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
What is borrowing money? Borrowing money is called? What is true cost borrowing? Where to go in borrowing money? Adult children borrowing money? Is borrowing the same solicating? What is the true cost of borrowing? Whys borrowing money is a bad idea? What factors affect the cost of money? Meaning of borrowing money an end in itself? How do you ask a favor like borrowing a money? What are some of the factors that affect the cost of money? How does cultural borrowing affect the cultures of the world? Differ factors that affect the ' cost os money' related answer? 2 What are some economic conditions that affect the cost of money? What cost factors affect the price of Industrial battery of Nigeria? How will an increase in government borrowing affect the money supply?
