The cost of borrowing money is measured by

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26-05-2017
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The cost of borrowing money is measured by

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andriansp andriansp · Answer 1 · 2017-06-02T11:41:46+02:00

andriansp andriansp

02-06-2017

The cost of borrowing money is measured by the interest rate and the administration fee. The interest rate is a rate given by a lender based on the amount of money a debtor borrowed and a debtor also has to pay the first administration fee for borrowing money from a lender. Therefore, both of this finance charges are the cost of borrowing money.

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