Question
A.Joshua borrowed $1,500 for one year and paid $75 in interest. The bank charged him a service charge of $15. What is the finance charge
A.Joshua borrowed $1,500 for one year and paid $75 in interest. The bank charged him a service charge of $15. What is the finance charge on this loan?
b.Joshua borrowed $500 on January 1, 2017, and paid $30 in interest. The bank charged him a service charge of $18. He paid it all back at once on December 31, 2017. What was the APR?
c.Joshua borrowed $1,800 for one year and paid $90 in interest. The bank charged him a service charge of $19. If Joshua repaid the loan in 12 equal monthly payments, what is the APR?
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ISO 9000 Family Of Standards With Extracts From ISO 9001 Audit Trail
Authors: David John Seear
1st Edition
1477226400, 978-1477226407
