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Chapter 2

  • Borrowing Basics
  • You Will Know
  • Importance of Credit
  • Collateral Items
  • Consumer Installment Loans
  • Credit Cards
  • Home Loans
  • Fees
  • Cost of Credit
  • Four Cs

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    Cost of Credit





  • Amount Borrowed       $5,000
  • APR                            12%
  • Term 24 Months          235.45
  • Finance Charge          $650.61
  • Total Amount Paid      $5,650.61
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