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    Practical Business Math Procedures Study Set 2
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    Exam 14: Installment Buying
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    The Monthly Payment Is Calculated by Totaling the Finance Charge
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The Monthly Payment Is Calculated by Totaling the Finance Charge

Question 47

Question 47

True/False

The monthly payment is calculated by totaling the finance charge and amount financed and dividing that by the number of payments of the loan.

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