The amount of money paid to a builder in exchange for using borrowed investment is referred to as an interest payment to the builder. Interest is normally paid on a monthly basis and is calculated as a percentage of the principal borrowed. The interest payment guarantees that the builder will finish the project on schedule and to the specified standard of quality. Generally, 8.05% per annum interest is charged by the builder.
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What is meant by interest payment to the builder?
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2 Year
2023-05-29T09:04:38+00:00 2023-05-31T11:42:30+00:00Comment
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