Santiago borrows $10,000 for tuition and other expenses. He will pay 4.5 percent of that amount as a fee to borrow the money. The loan is for 10 years, which will mean a $93.22 monthly payment after he finishes his education. Which of these numbers is the loan principal? A. $10,000 B. 4.5 percent C. 10 years D. $93.22
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Santiago borrows $10,000 for tuition and other expenses. He will pay 4.5 percent of that amount as a...
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