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28 July, 08:53

If you take out a $1,000 loan for college at 7% interest, what is the principal?

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Answers (2)
  1. 28 July, 11:41
    0
    The principal is the loan amount, $1,000
  2. 28 July, 12:10
    0
    The principal is the amount of the loan. the interest is completely separate. So in this case the answer is $1000.
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