OULLENGE $3\mathrm{.}1$: Securing Loans $|$

hitps$//$appsophia org$/$spco$/$personal$-$finance$-$challenge$-3-1/3/11434/$personal$-$loans

LEARNING OBJECTIVE: Recognize how personal loans can help you achieve your financial goals.

Which of the following is a long$-$term personal loan that provides the entire loan amount beforehand and requires regular repayments for a fixed period?

a$.)$ A line of credit

b$.)$ A deposit advance

c$.)$ A payday loan

d$.)$ An installment loan

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In about $35$ hour:

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