Question: Felix is a real estate developer who borrows $ 1 0 0 , 0 0 0 from a bank and ends up paying back $

Felix is a real estate developer who borrows $100,000 from a bank and ends up paying back
$120,000. In this scenario, the $100,000 represents the
collateral.
interest.
down payment.
principal.
trade credit.
Felix is a real estate developer who borrows $100,000 from a

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