You were recently approved for a line of credit at your optometrist's office. The following are the credit terms you were given:
Terms:
Principal
Interest rate
Repayment period
months
Monthly payment
Total interest paid
Total cost of the loan
Given these terms, what is the maximum amount you can spend using this line of credit?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
(Choice B)
B
(Choice C)
C
(Choice D)
D
1 answer
Without specific values for the principal, interest rate, repayment period, and monthly payment, it is impossible to determine the maximum amount you can spend using this line of credit. The answer cannot be determined based on the information provided.
1 answer