If you borrow money, you will have to repay more than the amount you initially borrowed due to
A) inflation.
B) interest.
C) time-value of money.
D) federal regulations.

Name: If you borrow money, you will have to repay more than the amount you initially borrowed due to A) inflation. B) interest. C) time-value of money. D) federal regulations.
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Question

Quizplus · Accepted Answer

Interest is the cost of borrowing money, typically expressed as a percentage of the amount borrowed, which accumulates over time until the loan is repaid.

If You Borrow Money, You Will Have to Repay More