AnswersTX-Personal Financial Literacy and EconomicsHow Credit WorksQuestion 1
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Question 1 • TX-Personal Financial Literacy and Economics

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Answer
The principal of loan A is .:

$15,000

Which loan has a higher annual percentage rate?:

loan B

What will be the total repayment for loan A, including interest?:

$22,367.32

What will be the total repayment for loan B, including interest?:

$19,857.02

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