Why do consumers usually prefer fixed-payment loans to simple loans when buying cars and houses?

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Money Banking And The Financial System

ISBN: 1801

3rd Edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Dec 31, 2018 11:46 AM

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Why do consumers usually prefer fixed-payment loans to simple loans when buying cars and houses?

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Fixedpayment loans are popular with households because as long as the household makes all the requ...View the full answer

Money Banking And The Financial System

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