Which of the following is NOT a factor that influences the interest borrowers pay?
A) the dollar amount of the loan
B) the length of time involved
C) the nominal rate of interest
D) the repayment location
E) the method used to calculate the interest

Question

Quizplus · Accepted Answer

The repayment location does not influence the interest rate borrowers pay. Factors like the loan amount, loan duration, nominal interest rate, and interest calculation method directly impact the interest, whereas the location of repayment does not.

Which of the Following Is NOT a Factor That Influences