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    Exam 7: Using Consumer Loans
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    The Monthly Payment (Rounded to the Nearest Dollar)on an 8
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The Monthly Payment (Rounded to the Nearest Dollar)on an 8

Question 33

Question 33

Multiple Choice

The monthly payment (rounded to the nearest dollar) on an 8%, 36-month, add-on loan of $10,000 would be:


A) $278.
B) $300.
C) $314.
D) $344.
E) $380.

Correct Answer:

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