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What’s the term when you let customers pay on a monthly basis along with interest until the product is paid off

1 Answer

1 vote

Answer:

EMI

Step-by-step explanation:

It is called EMI or equated monthly installments . It is a fixed payment amount made by a borrower to a lender at a spefied date each calendar month. EMI let let customers pay on a monthly basis along with interest until the product is paid off.

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