If the Add-On Method Is Used to Calculate a Finance

question 76

Multiple Choice

If the add-on method is used to calculate a finance charge of $150.80 on a $2,200 loan,the amount to be ____________. ​

• A)repaid is $2,200
• B)disbursed to the borrower is $2,049.20
• C)repaid is $2,350.80
• D)disbursed to the borrower is $2,350.80

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Definitions:

Moving Toward People

A behavior characterized by seeking affiliation and support from others, often discussed in the context of interpersonal relations and personality.

Neurotics

Individuals who experience high levels of anxiety, emotional instability, and excessive worrying, often related to neurotic disorders.

Basic Anxiety

A term by psychoanalyst Karen Horney, referring to feelings of helplessness and insecurity that adults experience because of childhood experiences.

Neurotic Needs

Excessive psychological needs that lead to unhealthy behaviors or patterns, often resulting from unresolved anxieties or conflicts.