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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