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The cost of credit depends upon 1. the time the borrower has the use of the funds 2. the stated rate of interest 3. the

The cost of credit depends upon

1. the time the borrower has the use of the funds

2. the stated rate of interest

3. the proceeds the borrower may use

a. 1 and 2

b. 1 and 3

c. 2 and 3

d. 1, 2, and 3

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