Gponcee
contestada

A drawback to an installment plan is that
A.it takes longer to buy a product
B.a large down payment is required.
C.interest rates are generally very high
D.interest rates are generally very low

Respuesta :

The correct answer should be C.interest rates are generally very high
They are recalculated all the time and on a yearly basis and sometimes for high mortgages you end up paying back as much as double of what you took initially. You get the product instantly but you pay a lot more than what it's worth in the long run so one generally should try to avoid them.

Answer:

The correct answer should be C.interest rates are generally very high

They are recalculated all the time and on a yearly basis and sometimes for high mortgages you end up paying back as much as double of what you took initially. You get the product instantly but you pay a lot more than what it's worth in the long run so one generally should try to avoid them.

Explanation: