Patrick took a loan of $50,000 with a repayment period of five years from a bank to start his own business. Every month he has to pay the bank $900 to repay the loan. What type of credit is demonstrated

asked Oct 13, 2019 99.0k views

1 vote

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7 votes

Answer:

I'm pretty sure it's installment credit.

Step-by-step explanation:

Larvyde answered Oct 13, 2019

6.3k points

4 votes

I think is installment credit

Sean Beach answered Oct 18, 2019

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