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T8heGzetzelakatebug
T8heGzetzelakatebug T8heGzetzelakatebug
  • 04-06-2016
  • Business
Answered

The total finance charge (fees plus interest) divided by the amount financed represents a ratio that can be used to determine the annual percentage rate of a loan, or APR.

Verified Answer :

andriansp andriansp
  • 10-06-2016

That  statement is true
The total finance charge plus interest divided by the amount dinanced represents a ratio that can be used to determine the annual percentage rate.

hope this helps

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