Question

An installment loan _____.

is a loan with changing interest rates
has equal payments each month
can be used like a check
is used to pay for telephone or electricity

Answer 1

An installment loan has equal payment each month

Step-by-step explanation:

Answer 2

An installment loan has equal payment each month

an Installment loan is usually an amount of money which borrow that must be repaid in a specific interest rate over period of time. This type of loans DOES NOT have changing interest rates so the amount of payments are equal each time.