If Linda Wilson borrows $20,000 to buy a car and ends up paying the lender a total of $24,000,the $20,000 represents the:
A) principal.
B) collateral.
C) trade credit.
D) discount.
E) interest.
Correct Answer:
Verified
Q19: Which of the following is a current
Q20: Organizations often invest the cash they earn
Q21: Which of the following is the most
Q22: Zainab borrows $20,000 from a bank to
Q23: Maria wants to start a restaurant of
Q25: Which of the following is money that
Q26: A finance company that buys other companies'
Q27: The _ is the interest rate commercial
Q28: If a real estate developer borrows $100,000
Q29: The most widely used source of short-term
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents