Math, asked by gsbhumika16, 7 months ago

example for loan period
plss answer fast

Answers

Answered by nikunjc971

Answer:

In many cases, that's one month or one day. For example, you might have a loan with an annual rate of 12%, but the periodic or monthly rate is 1%. A term loan period can also refer to times at which your loans are available. For student loans, a loan period might be the fall or spring semester.

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