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TRUE OR FALSE? 1. When you pay back a loan, you only have to pay the principle amount that was borrowed. 2. A budget is a financial plan.
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27 votes
27 votes
TRUE OR FALSE?

1. When you pay back a loan, you only have to pay the principle amount that was borrowed.
2. A budget is a financial plan.

User Bahaa Hany
by
3.0k points

2 Answers

21 votes
21 votes
1. is false
2. is true
User Bruno Conde
by
3.1k points
8 votes
8 votes

Hi, these are your answers:-

1. When you pay back a loan, you only have to pay the principle amount that was borrowed. False.

Brief answer:- You have to pay Compound interest and tax also.

2. A budget is a financial plan. True

Hope it helps you...

Answered by Benjemin ☺️

✅

User Andrew Tobey
by
2.8k points
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