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An advantage to the borrower of obtaining operating capital under a line of credit instead of with several single-payment loans is: the borrower pays interest

An advantage to the borrower of obtaining operating capital under a "line of credit" instead of with several single-payment loans is: the borrower pays interest on loan funds for only the time they are actually used the interest rate is usually lower expectations about how much will be repaid and when are more definite more total dollars can be borrowed

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