Given a $15,000, 3 year loan at 12.5 percent, which of the following methods will produce in the largest finance charge?
A) discount-rate
B) add-on rate
C) single-payment loan rate
D) all of the above
Correct Answer:
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Q53: Which of the following method for assessing
Q54: The APR is
A) the average rate paid
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Q56: Which of the following methods of computing
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Q60: The law that ensures that credit is
Q61: The law that requires public disclosure of
Q62: Credit card loan applications cannot ask questions
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