BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 53

Middle-income
High-incomeLargeSmall
Question 20. Question : (TCO 3) If Tracy Sears borrows $1,250 for 1
year with an APR of 9% with no service fees, what is her total cost of
credit?
$125
$112.50
$7.50
$9.38
$0
===================================================
BUSN 380 Week 3 Quiz Set 2
To Purchase This Material Click below Link
FOR MORE CLASSES VISIT
www.busn380study.com
1. (TCO 3) _____ is a good example of a closed-end credit.
A credit card issued by a department store
A credit card issued by VISA or MasterCard