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After shopping uround. Sue decided on the car of her chosce, a contrect, indicating that she had atroed to muke a 52 . 60 .

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After shopping uround. Sue decided on the car of her chosce, a contrect, indicating that she had atroed to muke a 52 . 60 . of used Prius, The dealer quoted her a teeal price of 88.000. Sile 25 pereent, down payment on the 58.000 car, contrmet that Sue the salespersan wrote this intormation on - sales percent on used cars, Sue chose a 36 -month repayment sehiedContract that Sue took with her when she set out to find financing: ule. She believed she could afford the tighter payments, and When Ste appliced for a loan, she diveusied loan terms stie knew she would no have to pay at much interit if the with the bank lending officer. The officer told her that the paid off the loan os a faver fate. The bask lending othker bank's policy was to lend only 80 percent of the toeal price provided Sue with a copy of the Truth in Leeding Dinciosure of a used car. Sue showed the officer her copy of the sales Stancetent shown here. Sue decided to compare the APK she had been offered with the APR offered by another bank, but the 20 percent APR of the second bank (bank B) was more expensive than the 15 percent APR of the first bank (bank A). Here is her comparison of the two loans: The 5 percent difference in the APRs of the two banks meant Sue would have to pay $15 extra every month if she got her loan from the second bank. Of course, she got the loan from the first bank. Questions 1. What is perhaps the most important item shown on the disclosure statement? Why? 2. What is included in the finance charge? 3. What amount will Sue receive from the bank

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