if you borrow $10,000 over five years, at the end of the five years, what will you have paid? (1…

if you borrow $10,000 over five years, at the end of the five years, what will you have paid? (1 point)\n$2,000\nmore than $10,000\nless than $2,000\n$10,000

if you borrow $10,000 over five years, at the end of the five years, what will you have paid? (1 point)\n$2,000\nmore than $10,000\nless than $2,000\n$10,000

Answer

Explanation:

Step1: Consider loan nature

When borrowing money, usually interest is charged.

Step2: Analyze repayment amount

Since interest is added to the principal, the total repayment will be more than the principal amount of $10,000.

Answer:

more than $10,000