Discount interest is most likely to be charged on the purchase of:

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Discount interest is usually offered on purchases that are costly and have a long repayment period, such as automobiles or home mortgages. A franchise would not typically require discount interest, as it is not usually financed over a long period of time. Undeveloped land may also have a long repayment period, but it is not a common purchase for discount interest. First mortgages may have discount interest options available, but they are not the most likely purchase to have this type of financing option.

Discount Interest Is Most Likely to Be Charged on the Purchase