Register

An installment loan _____. is a loan with changing interest rates has equal payments each month can be used like a check is used to pay for telephone or electricity

An installment loan _____. is a loan with changing interest rates has equal payments each month can be used like a check is used to pay for telephone or electricity
asked 115k views
4 votes
An installment loan _____.

is a loan with changing interest rates
has equal payments each month
can be used like a check
is used to pay for telephone or electricity

asked
User Flipke
by
8.4k points

2 Answers

3 votes

Answer:

An installment loan has equal payment each month

Step-by-step explanation:

answered
User Goper Leo Zosa
by
8.3k points
2 votes
An installment loan has equal payment each month

an Installment loan is usually an amount of money which borrow that must be repaid in a specific interest rate over period of time. This type of loans DOES NOT have changing interest rates so the amount of payments are equal each time.
answered
User Arleny
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Link Copied!