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Ladonna Borrowed $2,000 to Purchase a Used Car

Question 75

Multiple Choice

Ladonna borrowed $2,000 to purchase a used car. The total amount she will need to pay includes the $2,000 she borrowed, $200 interest, and $75 loan fees. What is the finance charge on Ladonna's loan?


A) $75.
B) $200.
C) $275.
D) $2,275.

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