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OpenStudy (anonymous):
Can anyone help me with these questions? 1. What four things do you need to know before you can compute the cost of credit? 2. WHAT IS THE DIFFERENCE BETWEEN THE PRINCIPAL OF A SAVINGS ACCOUNT AND THE PRINCIPAL OF A LOAN? 3. How will the length of a loan’s repayment time affect the monthly payment amount? 4. HOW DOES A CHANGE IN YOUR INTEREST RATE INFLUENCE THE COST OF CREDIT?
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