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Tina needs a loan of $18,000 to buy a new car. She has a good credit score and earns $60,000 annually. Which type of personal

Tina needs a loan of $18,000 to buy a new car. She has a good credit score and earns $60,000 annually.

Which type of personal loan allows Tina to repay the money through regular monthly payments over a fixed period?

A personal line of credit

An installment loan

A deposit advance

A payday loan

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