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

question 64

True/False

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


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Aversion

A strong dislike or disinclination towards something.

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A sudden and intense emotional or physical reaction caused by an unexpected event or information.

Edward Thorndike

An American psychologist known for his work in comparative psychology and educational psychology, and for his theory of connectionism.

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A container made out of wood used for storage, transporting items, or as decorative objects.

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