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 repaid is $2,400.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q100: When the simple-interest method is used to
Q101: Choose the word or phrase in [
Q102: Choose the word or phrase in [
Q103: If you needed a loan to buy
Q104: If a 12-month installment loan is prepaid
Q106: Credit unions grant loans only to members
Q107: Choose the word or phrase in [
Q108: Borrowing to pay for a college education
Q109: Which of the following loan sources is
Q110: Student loans are dischargeable in Chapter 7