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    Personal Financial Planning Study Set 1
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    Exam 7: Using Consumer Loans
  5. Question
    If the Discount Method Is Used to Calculate a Finance
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If the Discount Method Is Used to Calculate a Finance

Question 120

Question 120

True/False

If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan,the amount to be disbursed to the borrower is $2,400.

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