Hillary Wants to Purchase a Refrigerator on Credit

question 88

Multiple Choice

Hillary wants to purchase a refrigerator on credit. If she uses an installment plan, which of the following is most likely to occur?

• A) A down payment will be required.
• B) A discounted price on her purchase will not be offered.
• C) By law, finance charges on her account cannot exceed 20 percent of the purchase price.
• D) Taxes will not be charged.

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Definitions:

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