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Finance
Types of Credit
Repayment Time
Which type of credit typically gives debtors the most time to repay money they have borrowed? (1 point) Responses car loans car loans credit cards credit cards mortgages mortgages personal loans personal loans
1 answer
Mortgages typically give debtors the most time to repay money they have borrowed, as they are long-term loans that can span 15 to 30 years.
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1. Which type of credit typically gives debtors the most time to repay money they have borrowed?
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Q:You have borrowed $8000 from the bank. Suppose you want to repay a fixed amount of money for each of the following n years
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