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Posted on Aug 06, 2024

If Linda Wilson borrows $ 2 0 , 0 0 0 to buy a car and ends up paying the lender a total of $

If Linda Wilson borrows $

20, 000

to buy a car and ends up paying the lender a total of $

24, 000,

the $

4, 000

difference represents the

principal.

collateral.

security.

discount.

interest.

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