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When a loan is obtained the consumer generally keeps the entire amount of the loan for specific period of time and pays back the loan amount plus the interest at the end of the loan period?
Wiki User
∙ 13y ago
The way most loans work is you are given a specified amount of money (or credit) available to make purchases with. You are also charged a specified interest rate, which may be fixed or variable. If the terms of the loan have a grace period, there is a set amount of time that you do not have to make payments on the loan; however, interest is often accumulating during this grace period. After you have received the money, and after the grace period is over, you will have to start paying back the loan in small payments. The payment amount will be based on how much you borrowed, what the interest rate is and how long you will take to pay back the loan.
Wiki User
∙ 13y ago
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Where can one find remote control car installation instructions?
The best resource for this information is in the instruction booklet of your specific model. If you do not have those, they can generally be obtained by contacting the manufacturer.
What do you call a loan tis obtained by the consumer who keeps the entire amount of the loan for a specific period of time and pays back the loan amount plus interests at the end of the loan period?
term loan:)
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Why are interest groups called pressure groups?
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What type of interest is figured on a specific time frame?
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Why are interest groups sometimes called pressure groups or special groups?
Generally, because they represent a specific segment of the overall population. Not everyone is handicapped, so an interest group representing them would be a "special" interest group because bills/policies affecting them would not affect the general population, per se.
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How is an immune complex test done?
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What can be the definition of fixed income investment?
A fixed-income investment generally pay interest on specific schedule with a promise to return the principle at maturity, but is not guaranteed. Basically they provide regular income that is predictable.
