When the Simple Interest Method Is Used to Determine Finance

question 53

Multiple Choice

When the simple interest method is used to determine finance charges,the interest is calculated based on the

• A) ending balance of the loan.
• B) average outstanding balance.
• C) actual balance of the loan.
• D) beginning balance of the loan.
• E) none of these.

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Definitions:

EEG Pattern

The recorded electrical activity of the brain measured by electrodes placed on the scalp.

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The psychological processes that involve the acquisition of new knowledge, skills, behaviors, or preferences, and the factors that guide one's propensity to engage in and persist in such learning activities.

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The branch of medicine concerned with the uses, effects, and modes of action of drugs.