Dave borrowed $500 for one year and paid $50 in interest. The bank charged hi ma $5

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Dave borrowed $500 for one year and paid $50 in interest. The bank charged hi ma $5 service charge. What is the finance charge on this loan

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Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: May 30, 2018 04:21 AM

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Joshua borrowed $500 for one year and paid $50 in interest. The bank charged him a $5 service charge. What is the finance charge on this loan?
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Dave borrowed $500 for one year and paid $50 in interest. The bank charged hi ma $5

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