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    Personal Finance Study Set 3
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    Exam 6: Choosing a Source of Credit: The Costs of Credit Alternatives
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    The Disadvantage of Using an Interest Only Line of Credit
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The Disadvantage of Using an Interest Only Line of Credit

Question 74

Question 74

True/False

The disadvantage of using an interest only line of credit is the considerably longer time it takes to repay the loan in comparison to a traditional consumer installment loan.

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