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Explanation:
What is the cost of credit?
Credit costs an additional amount of money. The borrower must repay the amount of the loan–the principal–plus interest to the lender. Generally, repayments are made on an installment basis over the life of the loan. In some instances, one payment of principal and interest is made at the maturity of the loan.
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Answer:
a
Explanation:
Im pretty confident that the answer is a
