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

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Joshua 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?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 20, 2018 12:08 PM

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

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