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UNIT $3-$ MILESTONE $3$

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Question $17$

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Tha 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 payday loan

A personal line of credit

A deposit advance

An installment lonn

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