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To Finance Your Education, You Borrow $10,000 from Your Aunt

Question 6

Multiple Choice

To finance your education, you borrow $10,000 from your aunt at an annual interest rate of 5%. If your cousin offers to lend you the same amount but suggests a lower interest rate and you take the offer, you will end up repaying your cousin _____ you would have to your aunt.


A) more than.
B) less than
C) the same amount as
D) more now but less later than

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