What’s the term when you let customers pay on a monthly basis along with interest until the product is paid off

Social Studies

1 answer:

mafiozo [28]3 years ago

6 0

Answer:

EMI

Explanation:

It is called EMI or equated monthly installments . It is a fixed payment amount made by a borrower to a lender at a spefied date each calendar month. EMI let let customers pay on a monthly basis along with interest until the product is paid off.

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