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What are the different types of consumer loan? List and briefly discuss the five major reasons for borrowing money through a consumer loan. List and
- What are the different types of consumer loan?
- List and briefly discuss the five major reasons for borrowing money through a consumer loan.
- List and briefly discuss the different factors to consider when shopping for a loan. How would you determine the total cost of the transaction?
- As a borrower of consumer loan are you better off with simple interest method or discount interest method? Discuss with real-world examples.
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