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The principal plus the interest owed is called the loan:

APassing amount
BPayoff amount
CPayment amount
DPayable amount
Answer & Solution
Correct answer: B. Payoff amount
1. It is the whole sum the borrower must return. 2. It combines what was borrowed and its cost. 3. It is the loan payoff amount. _Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
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