Interest is the cost of borrowing. a. True b. False

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asked Dec 1, 2017 62.4k views

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Davechilders · Answer 1 · 2017-12-05T13:08:02+0000

Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.

Interest is the cost of borrowing. a. True b. False

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