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Personal loans include which of the following? A . Car loans B . Credit card advance payments C . Home equity loans D . A

Personal loans include which of the following?
A. Car loans
B. Credit card advance payments
C. Home equity loans
D.A&B
E. A & C
F. All of the above
Derek found a great deal on a loan! He could obtain a loan of $2,000 based on simple interest with an annual interest rate of 9%. At the end of the first month, what is the interest owed on $2,000?
A. $15
B. $45
C. $115
D. $180
You obtain a loan of $5,000 to be repaid over one year. Assume you are charged 11% interest based on the add-on method. What will your monthly payments be?
A. $235.70
B. $462.50
C. $550.00
D. $5550.00
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