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Andrew is buying a dirt bike for $900. He will make $100 payments each month until the bike is paid in full. This is an example of what type of loan?
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3 votes
Andrew is buying a dirt bike for $900. He will make $100 payments each

month until the bike is paid in full. This is an example of what type of loan?

User Ebon
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5.9k points

1 Answer

3 votes
I think a fixed rate loan because it is the same amount of money being payed per month
User ChikChak
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