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Jasiah Stuart
Social Studies
12 November, 18:45
The amount borrowed when taking out a loan
R
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Tramp
12 November, 18:58
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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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Makena Ritter
12 November, 19:14
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Answer: the principal
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