If the Discount Method Is Used to Calculate a Finance

question 33

Multiple Choice

If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan,the amount to be ____________. ​

• A)repaid is $2,400
• B)disbursed to the borrower is $2,400
• C)repaid is $2,650.60
• D)disbursed to the borrower is $2,650.60

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