) With open-end loans, an individual makes regular fixed dollar payments for a s

Business & Finance
Tutor: None Selected Time limit: 1 Day

With open-end loans, an individual makes regular fixed dollar payments for a specific period of time. 

A) True     B) False

Apr 25th, 2015

With open-end loans, an individual makes regular fixed dollar payments for a specific period of time. 

A) True    B) False

It is False, With open-end loans means the borrower only pay interest, the time stop of payment depends on when the borrower pay off the principle. 

Apr 25th, 2015

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