Match the following terms with their definitions. table [ [ 1 . Cash price minus down

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Match the following terms with their definitions.

\

table

[[1 .

Cash price minus down payment,Amount financed

], [2 .

A revolving charge account,Revolving charge

], [3 .

Used to calculate rebate of finance charge,

], [4 .

Total of all monthly payments plus down payment,Deferred payment

], [5 .

Sum of daily balance divided by number of days in billing cycle,Average daily balance

], [6 .

Total of all payments minus amount financed,Finance charge

], [7 .

A payment process,

], [8 .

Doesn't dictate interest rates,

], [9 .

Initial cash payment,

], [10 .

Effective interest rate,

], [11 .

Used in calculation of average daily balance,

], [12 .

Purchase till maximum credit reached,

Posted Date: May 18, 2024 08:02 PM

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Match the following terms with their definitions. table [ [ 1 . Cash price minus down

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