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OpenStudy (anonymous):
Which type of interest (simple or compound) is generally charged for borrowing money for short periods of time and why?
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OpenStudy (anonymous):
I believe it would be compound interest. This is because the longer you wait to pay the loan, the more it increases. Basically making you want to pay it back faster.
OpenStudy (anonymous):
thank u
OpenStudy (anonymous):
Anytime.
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