Business, 24.02.2020 16:58 bibhu42kumarp7o4ss
Q 6.4: Kingston obtained a loan for $1,000 to be paid back in 30 days. The lender quoted Kingston a $200 fee. Which of the following statements is correct regarding this loan? A : The $1,000 plus finance charges will be paid at the end of one year. B : The fee will be paid only if Kingston makes a late payment. C : The APR is over 240%. D : Kingston will receive $1,200 from the loan.
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Q 6.4: Kingston obtained a loan for $1,000 to be paid back in 30 days. The lender quoted Kingston a...
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