Multiple Choice
If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be:
A) repaid is $2,400.
B) disbursed to the borrower is $2,400.
C) repaid is $2,650.60.
D) disbursed to the borrower is $2,650.60.
E) repaid is $2,149.40.
Correct Answer:
Verified
Correct Answer:
Verified
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