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Today, 12:08

Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called

installment credit

an unsecured loan

a secured credit card

compounding interest

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Answers (2)
  1. Today, 13:21
    0
    Installment Credit

    Explanation:

    Installment credit is a type of credit for a fixed sum to be repaid in instalments e. g student loans
  2. Today, 13:34
    0
    Installment Credit
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