Question: Match the following terms with their definitions. table [ [ 1 . Cash price minus down payment,Amount financed ] , [ 2 . A
Match the following terms with their definitions.
table Cash price minus down payment,Amount financed A revolving charge account,Revolving charge Used to calculate rebate of finance charge, Total of all monthly payments plus down payment,Deferred payment Sum of daily balance divided by number of days in billing cycle,Average daily balance Total of all payments minus amount financed,Finance charge A payment process, Doesn't dictate interest rates, Initial cash payment, Effective interest rate, Used in calculation of average daily balance, Purchase till maximum credit reached,
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