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Suppose C(r) is the total cost of paying off a car loan borrowed at an annual interest rate of r%. What are the units of C'(r)? What is the practical meaning of C'(r)? What is its sign?

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C(r)C(r) is the total cost of paying off a car loan borrowed at an annual interest rate of rr percent.

Units of C(r)C'(r) are dollars per percent.

The practical meaning of C(r)C'(r) depicts the additional amount needed to pay off the loan when the interest rate is increased by 1 percent.

The sign of C(r)C'(r) is positive because increasing the interest rate will increase the amount that it costs to pay off the loan.

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