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21C) If it is given that the loan amount is $320, the percent stock requirement is .08, and the credit fee is 10.81. Calculate the

21C)

If it is given that the loan amount is $320, the percent stock requirement is .08, and the credit fee is 10.81.

Calculate the loan principal. a. $359.57 b. $361.23 c. $360.97 d. $360.34

Calculate the required stock purchase. a. $30.38 b. $28.77 c. $29.57 d. $28.21

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