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5 March, 03:38

When purchasing a vehicle which of the following would you initially offer the lowest monthly payment

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Answers (2)
  1. 5 March, 03:43
    0
    Balloon Payment Plan

    Explanation:

    a. p. e. x
  2. 5 March, 04:01
    0
    Balloon payment plan

    Explanation:

    Balloon loans are initially subject to relatively small monthly payments. Nonetheless, you must eventually pay for a big balloon.

    The balloon payment is equivalent to the non-paid principal and interest accrued on a ballon hypothecary payable. The mortgage lender shall inform the creditor of the default and may begin foreclosure, when the ballon payment is not payable as due.

    For example, If a person ABC takes a loan for 10 years. In this type of loan with no balloon payment, his/her entire loan will be amortised in small monthly payments till the time his/her entire loan is paid.
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