True/False
If the add-on method is used to calculate a finance charge of $150.80 on a $2,200 loan,the amount to be repaid is $2,200.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: The annual percentage rate (APR)on a single-payment
Q60: The average graduating college senior leaves school
Q61: Which of the following are recommended if
Q62: A chattel mortgage is a legal claim
Q63: The majority of consumer loans are set
Q65: Jamie is going to buy some furniture
Q66: Credit unions offer some of the most
Q67: Choose the word or phrase in [
Q68: Choose the word or phrase in [
Q69: Purchasing credit life or disability insurance protection