If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be:
A)repaid is $2,400.
B)disbursed to the borrower is $2,400.
C)repaid is $2,650.60.
D)disbursed to the borrower is $2,650.60.
E)repaid is $2,149.40.

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The Answer of If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be:
A)repaid is $2,400.
B)disbursed to the borrower is $2,400.
C)repaid is $2,650.60.
D)disbursed to the borrower is $2,650.60.
E)repaid is $2,149.40.

If the Discount Method Is Used to Calculate a Finance