Since most lenders will provide total interest paid but not interest rates,you should know how to calculate them.

Question

Quizplus · Accepted Answer

The statement is incorrect. Lenders typically provide information about the interest rate on a loan, and it's not necessary to calculate it yourself. However, they may not provide information about the total interest paid over the life of the loan, so that may need to be calculated.

Since Most Lenders Will Provide Total Interest Paid but Not