Question

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.

Answer 1

1. is false
2. is true

Answer 2

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 ☺️

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