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27. Although the APR is the annual percentage rate of interest, it could be different from the nominal rate of interest in the same loan.
27. Although the APR is the annual percentage rate of interest, it could be different from the nominal rate of interest in the same loan. T F 28. We usually pay taxes on part, not all of our income. TF 29. Bank credit card accounts are an example of: a. b. C. d. revolving charge account no installment debt consumer credit all of the above none of the above e. a. 30. If your total debt increases from $35,500 to $39.760 in three years, it would be correct to estimate the annual average growth in your credit obligations by: 12% b. 3.5% 4% d. 8% C. 27. Although the APR is the annual percentage rate of interest, it could be different from the nominal rate of interest in the same loan. T F 28. We usually pay taxes on part, not all of our income. TF 29. Bank credit card accounts are an example of: a. b. C. d. revolving charge account no installment debt consumer credit all of the above none of the above e. a. 30. If your total debt increases from $35,500 to $39.760 in three years, it would be correct to estimate the annual average growth in your credit obligations by: 12% b. 3.5% 4% d. 8% C
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