what happens when a bank charges discount, Financial Management

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what happens when a bank charges discount

What happens when a bank charges discount interest on a loan?

When a bank charges reduction in interest on a loan the required interest payment is subtracted from the loan proceeds at the time the loan is made. This makes the efficient interest rate greater than the stated rate.

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Financial Management: what happens when a bank charges discount

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Financial Management: what happens when a bank charges discount

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