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Jessie Ridley just bought an SUV and financed with an automobile loan. She will pay 48 payments of $425 each and one final payment of

Jessie Ridley just bought an SUV and financed with an automobile loan. She will pay 48 payments of $425 each and one final payment of $3,000.What type of clause is in her sales contract?

Select one:

a. Prepayment penalty

b. Acceleration

c. Reposession

d. Balloon

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