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9Let's say that you need to borrow $1,000 from the bank and agree to repay the bank back in 12 months. At the end of the 12th month, you receive a statement from the bank stating that you paid back a total of $1,075. The extra $75 is called ​
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9Let's say that you need to borrow $1,000 from the bank and agree to repay the bank back in 12 month...
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