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30 September, 11:42

A drawback to an installment plan is that

A. it takes longer to buy a product

B. a large down payment is required.

C. interest rates are generally very high

D. interest rates are generally very low

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  1. 30 September, 12:22
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    The correct answer should be C. interest rates are generally very high

    They are recalculated all the time and on a yearly basis and sometimes for high mortgages you end up paying back as much as double of what you took initially. You get the product instantly but you pay a lot more than what it's worth in the long run so one generally should try to avoid them.
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