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Describe a product that youve purchased with a warranty. What does this mean for you as the consumer? What does it mean for the company

  • Describe a product that youve purchased with a warranty. What does this mean for you as the consumer? What does it mean for the company providing the warranty? Why is this a potential liability?

  • Have you ever borrowed money? Were you charged interest? Assuming you were charged interest, does each payment apply fully to the principal balance of the loan? Why or why not?

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