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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.

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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. 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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