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When a customer pays off debt in billed installments, what will the customer's bills contain until the debt is paid off?

1) The payment arrangement amount
2) The total debt amount
3) The interest rate
4) The customer's personal information

User Mraron
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1 Answer

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Final answer:

A customer's bills for debt in billed installments will contain the payment arrangement amount the remaining total debt amount the interest rate, and the customer's personal information.

Step-by-step explanation:

When a customer pays off debt in billed installments, the customer's bills will generally contain several key pieces of information until the debt is fully paid off. First and foremost, each bill will specify the payment arrangement amount, which is the portion of the debt the customer agreed to pay in each installment. It will also show the total debt amount that remains to be paid, decreasing over time as payments are made.

In addition, the bills will typically include the interest rate being applied to the debt. This rate is used to calculate how much interest is added to the outstanding balance each billing cycle, depending on the terms of the debt. The bills will also contain the customer's personal information, including their name, billing address, and account number, which is necessary for proper identification and record-keeping.

User Yassine Guedidi
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