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The total a borrower must repay is often called the loan:
APayslip
BPaydown
CPayoff
DPayout
Answer & Solution
Correct answer: C. Payoff
1. It combines the principal and the interest.
2. It is what settles the debt in full.
3. It is the loan payoff.
_Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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