Mathematics, 03.05.2020 13:14 bellam302

Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit
history. If she does not pay back the loan within three weeks, she will have to pay an extra $50. Raina says the loan is an
example of easy-access credit while Maura says it is an example of open-end credit. Which statement about the loan is correct?

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Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lend...