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13 August, 13:52

Which of these scenarios describes the COST of credit? Question 9 options: paying more for an item than its original cost paying for a semester at college buying a safer vehicle

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  1. 13 August, 17:04
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    The correct answer is "C) paying more than its original".

    The cost of credit is also known as the interest is generated for paying the borrowed amount of money in a given period of time.

    Interest is the value of money in time. An interest rate is a rate at which the interest grows throughout time.

    Once you end up paying the credit. You will have ended up paying the original amount you borrowed plus the interest.
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