Question
Question 5 Calculate the finance charge on a home equity loan based on an average daily balance of $97,552 during a 30-day billing period. The
Question 5
Calculate the finance charge on a home equity loan based on an average daily balance of $97,552 during a 30-day billing period. The lender charges 5.75% interest and calculates interest based on a daily periodic rate. Assume a 365-day year and round the daily periodic rate to 8 decimal places.
| $467.44 | ||
| $15.37 | ||
| $461.03 | ||
| $1,536.78 |
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Self Help Private Debt Collection And The Concomitant Risks A Comparative Law Analysis
Authors: C?t?lin Gabriel St?nescu
1st Edition
3319215027,3319215035
