Multiple Choice
If the add-on method is used to calculate a finance charge of $100.80 on a $1,800 loan,the amount to be ____________.
A) disbursed is $1,900.80
B) disbursed to the borrower is $1,800
C) repaid is $1,699.20
D) repaid to the borrower is $1,800
Correct Answer:
Verified
Correct Answer:
Verified
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