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Which of the following statements are true of an installment loan? 1) the term is much longer than other loans 2) lower interest rates are charged to borrowers 3) is technically…

Which of the following statements are true of an installment loan? 1) the term is much longer than other loans 2) lower interest rates are charged to borrowers 3) is technically…
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Which of the following statements are true of an installment loan?

1) the term is much longer than other loans

2) lower interest rates are charged to borrowers

3) is technically an unsecured loan

4) has a fixed number of payments in equal amounts

User Grimner
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4) has a fixed number of payments in equal amounts
User Vjjj
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