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Describes installment loans?
They usually require a down payment.
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
What is a payment on a loan is divided into equal payments over a set period of time called?
installment debt
Which describes installment loans?
They usually require a down payment.
Describes installment loans?
They usually require a down payment.
What describes an installment loan?
Installment loans require monthly payments to pay the loan.
What is the installment price minus the down payment equal to?
amount financed
Is an installment loan a good idea?
An installment loan is a good idea,where you don't have to make guesses what payment one has to make every month.
How are installment loans are calculated?
amount finaced=cash price - down payment
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
What shows how installment loans are calculated?
amount financed= cash price- down payment
Installment Sales Method?
Installment sales method is a sales method used to determine revenue when a sales or service is purchased on a long term payment plan. Revenue recognition is delayed until the payment is actually made, not at the time of the sale or service delivery.
What is the account entry should do for a car company which is installment?
The account entry that you should do for a car company, if it's an installment payment, is a debit. This means that you have paid the bill and you deducting it from your bank balance.
What describes installment loans?
They usually require a down payment... APLUS
What is a payment on a loan is divided into equal payments over a set period of time called?
installment debt
