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Ashley recently secured a $5,000 loan from a bank with a 5% annual interest rate. Barry is applying to borrow that same amount from the bank. Under which circumstances would Bar…

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asked Dec 11, 2020 97.3k views

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Ashley recently secured a $5,000 loan from a bank with a 5% annual interest rate. Barry is applying to borrow that same amount from the bank. Under which circumstances would Barry MOST LIKELY get a higher interest rate for his loan?

Ashley recently secured a $5,000 loan from a bank with a 5% annual interest rate. Barry-example-1

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Clement P asked

by Clement P

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Answer: D he has a lower income and greater debts than Ashely

Derrick Mar answered Dec 16, 2020

Ashley recently secured a $5,000 loan from a bank with a 5% annual interest rate. Barry is applying to borrow that same amount from the bank. Under which circumstances would Bar…

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