Question: Martina borrows $ 2 0 , 0 0 0 from a bank to pay for her education. The bank charges her 5 percent of the

Martina borrows $20,000 from a bank to pay for her education. The bank charges her 5 percent of the amount she borrowed, that is, $1,000. In this scenario, the 5 percent represents the
:07
Multiple Choice
discount.
trade credit.
interest.
collateral.
principal.
Martina borrows $ 2 0 , 0 0 0 from a bank to pay

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