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Watch the Mathematics of Finance video and then answer the question given below. Simple interest loans are generally used for which type of loan? Click

Watch the Mathematics of Finance video and then answer the question given below.

Simple interest loans are generally used for which type of loan?

Click here to watch the video.

Choose the correct description of a simple interest loan.

.

Home Mortgage loans

.

Short term loans of less than a year

.

Car loans

.

Long term loans of a year or more

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