191k views
1 vote
If you borrow $10,000 over five years, at the end of the five years,

what will you have paid? (1 point)
$2,000
O $10,000
more than $10,000
O less than $2,000

2 Answers

5 votes

Answer: 1. It is a simple way to compare all the various elements of different loans.

2. It is the amount you borrow.

3. The rate can go up or down, depending upon the index it is tied too.

4. It is the amount of time after a purchase and before it starts accruing interest.

5. more than $10,000

Explanation: I took the same quick check and got 100%, hope it helps!

User Fkoessler
by
7.3k points
4 votes

Answer:

More than 10 thousands

Step-by-step explanation:

If you borrow money from others and if you are going to pay it after a long time then you have to give more money .

User Mattjegan
by
8.0k points