On loans, it can be compound or simple
[DOC] [TLE] Simple and Compound Interest Rates - GetObjects.com [PAR] Explanation of simple and compound interest, rate of return, and effective interest 
... You can solve a variety of compounding problems including leases, loans,... [DOC] [TLE] The Difference Between Simple and Compound Interest ... [PAR] Mar 4, 2016 ...