bambam6483 bambam6483
  • 03-06-2020
  • Social Studies
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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

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Manetho
Manetho Manetho
  • 04-06-2020

Answer:

EMI

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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