Answer:
Reasons for Paying Interest
Lenders demand that borrowers pay interest for several important reasons. ... Interest helps to make the risk of default worth taking. In general, the more risk there is of default on the loan, the higher the interest rate demanded by the lender
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Answer:
Reasons for Paying Interest
Lenders demand that borrowers pay interest for several important reasons. ... Interest helps to make the risk of default worth taking. In general, the more risk there is of default on the loan, the higher the interest rate demanded by the lender