If No Annual Interest Rate Is Listed on a Contract

question 56

True/False

If no annual interest rate is listed on a contract, just a monthly interest rate, the consumer does not have to pay any interest on the amount owed.

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Definitions:

Physical Condition

The state of an organism's body, including strength, fitness, and overall health, often influencing its ability to survive and reproduce.

Prediction

A statement about expected future events or outcomes based on current knowledge, data, or hypotheses.

Care Package

A package sent to someone to provide comfort, care, or necessities, often containing food, treats, and personal items, symbolizing support and thoughtfulness.

Supplemental Food

Additional food provided to wildlife or domestic animals beyond what they find or produce in their natural environments.