Answer:
Jhon bought a used car and got a loan from his credit union.
The Overtons bought a new home and mortgaged it for 30 years.
Tammy borrowed $40,000 in school loans to be paid back in 5 years.
Annual Percentage Rate
Step-by-step explanation:
A percentage of your balance each month is
set as the minimum amount you are required
to pay on your account to not be considered
“late” or “in default”
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