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When consumers agree to buy now and pay later on an installment plan that includes interest, it is called?

When consumers agree to buy now and pay later on an installment plan that includes interest, it is called?
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When consumers agree to buy now and pay later on an installment plan that includes interest, it is called?

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User Kremena
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1 Answer

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I believe the answer is loan. With a house it would be called a mortagage.
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User Kracejic
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