Dave borrowed $500 for one year and paid $50 in interest. The bank charged him a $5

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Dave borrowed $500 for one year and paid $50 in interest. The bank charged him a $5 service charge. What is the finance charge on this loan? (Obj. 4)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 23, 2024 08:01 AM

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Dave borrowed $500 for one year and paid $50 in interest. The bank charged him a $5

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Focus On Personal Finance

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