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11 August, 02:29

A drawback to an installment plan is that

a. it takes longer to buy a productB. 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. 11 August, 05:47
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    For installment plans, a common drawback for this kind of payment method is that the interest rates are generally very high. Since you are paying a product for several months, you also have to pay additional amount for the span of time of the payment. The answer to this is option C.
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