Damian has a balance of $10,200 on his credit card. He threw the card away so he can never use it again. He has 3 1/2 years to pay off the balance. The interest rate on his card is 21%. Part A: At the end of the 3 1/2 years, how much intrest has he paid? Part B: When Damian pays off his credit card, how much will he have paid in all?

the 4th choice is the correct one

step-by-step explanation:

the correct answer is c

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.