In calculating interest on a note,it is NOT necessary to take which of the following into consideration?
A)The interest
B)The principal
C)The payee
D)The length of the note

Question

Quizplus · Accepted Answer

The payee (the person or entity receiving the payment) is not needed in calculating the interest on a note. The necessary factors are the principal (the amount borrowed), the interest rate, and the length of the note.

In Calculating Interest on a Note,it Is NOT Necessary to Take