BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 61

Question 19. 19. (TCO 3) In terms of borrowing expenses, which of
the following options would be relatively the cheapest?
Car dealer
Appliance store
Department store
Relative
Finance company
Question 20. 20. (TCO 3) If Marjorie Wilcox borrows $200 for 1 year
with an APR of 12% and an annual service fee of $10, what is her
total cost of credit?
$10
$12
$24
$34
$42
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BUSN 380 Week 3 Quiz Set 3
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