When we take out a loan, we have to repay more than the original price. What accounts

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When we take out a loan, we have to repay more than the original price. What accounts for this, and does this mean we shouldn't take out loans? Why do people borrow?

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Principles Of Microeconomics

ISBN: 9780812224177

1st Edition

Authors: Eugene Silberberg And Gregory Ellis

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Question Posted: Nov 08, 2024 07:00 AM

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When we take out a loan, we have to repay more than the original price. What accounts for this, and does this mean we shouldn't take out loans? Why do people borrow?
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When we take out a loan, we have to repay more than the original price. What accounts

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Principles Of Microeconomics

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