A Simple Interest Loan or Simple Interest Mortgage is the term used by the mortgage and loan industry to describe a particular type of loan that uses
only simple interest calculations and accrues interest daily.
Fair, transparent pricing with a one - time origination fee and
simple interest calculation.
The interest rate is an annual rate and the interest calculation is
a simple interest calculation.
You can also set up
a simple interest calculation on a short - term loan from a loved one as opposed to the compound interest calculation common with other types of loans where you have to pay interest on interest.
This question was designed to test people's ability to do
a simple interest calculation.
This is a special type of mortgage based on
simple interest calculations and daily interest accrual.