Answered

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1. the extra money a
bank charges For a loan is called:

a. interest
b. principal
c. borrower

Sagot :

a. interest
this is the “tax” that makes the bank money from you borrowing their own money
Sweetylyx

Answer:

Interest Rate

Explanation:  It is a re-occurring fee that you're required to repay, in addition to the principal.

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