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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A declaration or claim that reflects a belief or viewpoint.

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The mental representation and simulation of sensory experiences, particularly sight, in the absence of direct sensory input.