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    Exam 7: Using Consumer Loans
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    If a 12-Month Installment Loan Is Prepaid at the End
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If a 12-Month Installment Loan Is Prepaid at the End

Question 31

Question 31

True/False

If a 12-month installment loan is prepaid at the end of 6 months,less than one half of the interest would be saved.

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