When the interest on a loan is calculated at the beginning of a loan based on the original amount borrowed and the number of years, this is known as the method.

Name: When the interest on a loan is calculated at the beginning of a loan based on the original amount borrowed and the number of years, this is known as the method.
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Add-on interest is calculated at the beginning of a loan based on the original amount borrowed and the number of years.

When the Interest on a Loan Is Calculated at the Beginning