Question
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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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
