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    Personal Financial Planning Study Set 1
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    Exam 7: Using Consumer Loans
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    If the Add-On Method Is Used to Calculate a Finance
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If the Add-On Method Is Used to Calculate a Finance

Question 21

Question 21

True/False

If the add-on method is used to calculate a finance charge of $100.80 on a $1,800 loan,the amount to be repaid is $1,900.80.

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