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Which of the following is an example of long-term debt?

a. Car maintenance
b. Property taxes
c. Credit card balance
d. Home equity loan

User Dahie
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1 Answer

3 votes
Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.
User Lost Baby
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