If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan,the amount to be ____________.
A)repaid is $2,400
B)disbursed to the borrower is $2,400
C)repaid is $2,650.60
D)disbursed to the borrower is $2,650.60

Question

If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan,the amount to be ____________. ​
A)repaid is $2,400
B)disbursed to the borrower is $2,400
C)repaid is $2,650.60
D)disbursed to the borrower is $2,650.60

Quizplus · Accepted Answer

The Answer of If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan,the amount to be ____________. ​
A)repaid is $2,400
B)disbursed to the borrower is $2,400
C)repaid is $2,650.60
D)disbursed to the borrower is $2,650.60

If the Discount Method Is Used to Calculate a Finance