BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 70

Store credit card
Cash
A title loan
Question 19. 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. 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