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A person wants to borrow 5 000 at 1 interest rate for 5 years The equation to use to determine the total finance charge would

A person wants to borrow 5 000 at 1 interest rate for 5 years The equation to use to determine the total finance charge would be what A 5 FC X 01 x 5 000 B 5 000 FC X 01 x 5 C 01 FC x 5 000 x 5 D FC 5 000 x 01 x 5

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