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pixiedust7891 pixiedust7891
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9 months ago
An installment loan is a loan that requires a borrower to pay

▸ periodic payments over the repayment period equal to the loan amount divided by the number of periods.

▸ interest at the beginning of the loan and the principal at the end of the loan period.

▸ interest-only payments during the repayment period and the principal at the end of the loan period.

▸ periodic payments over the repayment period including both principal and interest.
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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ndedrickndedrick
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9 months ago
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pixiedust7891 Author
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9 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
africa143
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Yesterday
Brilliant ツ
kevin12323h
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2 hours ago
You make an excellent tutor!
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