Use the following chart to explain how the amount of principal affects the total cost of the loan. loan repayment period loan 1 loan 2 principal $5,000 $6,000 interest rate 6.47 percent 6.47 percent monthly payment $98 $117 loan repayment period five years five years total cost of the loan $5,866 $7,039
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Use the following chart to explain how the amount of principal affects the total cost of the loan. l...
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