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22 November, 23:31

The amount borrowed when taking out a loan

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  1. 23 November, 00:28
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    Answer: the principal
  2. 23 November, 02:51
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    The lender - whether it's a bank, a store, or a car dealer - makes money by charging you an extra amount over and above the amount of the loan itself. The amount of the loan is called the principal, and the extra amount they charge you to borrow the money is called interest.
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