Question 1 1. the type of loan for which consumers do not pay the
1.The type of loan for which consumers do not pay the full amount at the time of purchase, but pay a portion of the amount owed in regular payments, is called consumer _________.
1.Loans with regular payments are called _________________ loans.
1._________ installment loans are loans in which the amount borrowed plus interest is repaid in a specified number of equal payments.
1.______________ loans are loans in which there is no fixed number of payments.
1.The _______ price is the price you pay if you pay the full amount at the time of sale.
1.The _______ payment is a partial payment of the cash price paid at the time of sale.
1.The _________________ is the total amount you pay in regular payments to pay off the balance of the loan.
1.The installment _______ is the amount you pay each period, including interest, to pay off the loan.
1.The ________ price is the total paid, including interest, to pay off an installment loan.
1.The interest associated with an installment loan is part of the charges referred to as _______charges or carrying charges.
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