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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

1 Answer

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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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