Math, asked by infojaiminidave, 9 months ago

What does one owe from the loaned amount?

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Answered by abc12317

1

Answer:

The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance.

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