Which statement about installment loans is not true?
A) installment loans usually require a down payment and the remaining amount is financed.
B) To calculate an installment loan subtract the down payment from the cash price to find the amount financed
C) Installment loans are loans on which the interest is paid first and the borrower recieves the proceeds.
D) The borrower pays back the principal and interest in regular, equal installments.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which statement about installment loans is not true? A) installment loans usually require a down payment and the remaining amount is ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
New Questions in Mathematics
A rental car agency charges a flat fee of $139.00 plus $30.00 per day to rent a certain car. Another agency charges a fee of $13.00 plus $51.00 per day to rent the same car. Find the number of days for which the costs are the same.
Answers (1)
How to find the radius of square that tells you length, width, and height.
Answers (1)
Ruben has two congruent wooden dowels. He cuts one dowel in two in order to have three pieces to make a triangle. Explain why, despite having three sides, Ruben will not be able to make a triangle with his three pieces.
Answers (1)
If John has 13 more Apple than jake and Mary has 26 less that jake and all together they have 236 apples how many Apple does each person have
Answers (1)
Which of the following is a perfect square? 65, 144, 68, 131
Answers (2)