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Type of charge account that requires customers to make full payment within a stated period.
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
People with very good credit ratings are more likely to get which type of loan?
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
Large single purchases (such as appliances and automobiles) are commonly bought using
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
Total dollar cost of credit, including interest and all other charges.
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
The principal of a loan is
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
Why is compound interest more expensive than simple interest?
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
Which of the following is an example of a bank card?
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
The formula for simple interest is
unsecured loan
Compound interest requires the borrower to pay interest on interest as well as the principal.
MasterCard
the amount borrowed.
finance charge
installment credit
P x R x T
regular account
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