If it is given that the loan amount is 13000 the percent


If it is given that the loan amount is $130.00, the percent stock requirement is .02, and the credit fee is $18.76.

(i) Calculate the loan principal.

           a.         $152.47                      b.         $153.37

           c.        $151.79                     d.         $152.44

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(ii) Calculate the required stock purchase.

          a.         $2.66                b.       $3.04

           c.          $4.51               d.         $3.62

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Financial Management: If it is given that the loan amount is 13000 the percent
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