Fill in the blank. A loan on which you pay a fixed amount of money for a set number of payments is called a fixed A loan on which you pay a fixed amount of money for a set number of payments is called a fixed loan. loan.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 6LO
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Fill in the blank.
A loan on which you pay a fixed amount of money for a set number of payments is called a fixed
A loan on which you pay a fixed amount of money for a set number of payments is called a fixed
loan.
loan.
Transcribed Image Text:Fill in the blank. A loan on which you pay a fixed amount of money for a set number of payments is called a fixed A loan on which you pay a fixed amount of money for a set number of payments is called a fixed loan. loan.
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