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If You Borrow $100 at 12 Percent Annual Interest and Repay

Question 96

Multiple Choice

If you borrow $100 at 12 percent annual interest and repay it in one lump sum at the end of one year, you will have to pay

A) $12.
B) $100.
C) $112.
D) $1,200.
E) $8.33.

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