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Author Question: Regarding the amount of money borrowed on a loan, all of the following are true except (Read 58 times)

saraeharris

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Regarding the amount of money borrowed on a loan, all of the following are true 
except


◦ the amount is based on how much the lender believes you can pay back in the future.
◦ you should borrow slightly more than you need to cover future inflation.
◦ you should only borrow the amount you need.
◦ you will have to pay interest on the entire amount.


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Marked as best answer by saraeharris on Apr 14, 2019

Kdiggy

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saraeharris

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review


T4T

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Reply 3 on: Yesterday
Gracias!

 

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