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Riley doesn't want to wait that long before purchasing the refrigerator, so she decides to consider using
credit. After speaking with a store clerk, Riley learns that she qualifies for a special payment plan the store
offers. Why should Riley should consider the amount of interest associated with the payment plan?
ments
O Interest decreases the cost of the new refrigerator.
Interest determines the amount of profit Riley will make from the payment plan.
Interest determines the amount of taxes Riley will pay when she purchases the refrigerator.
Interest is the cost for borrowing money.