Question: Question 1 What is the difference between a loan with equal installments and a loan with equal payments? Compare how much you end up paying

Question 1

What is the difference between a loan with equal installments and a loan with equal payments? Compare how much you end up paying each month and how the principal develops over time.

Question 2

Under what circumstances should a loan taker choose a loan with equal installments rather than equal payments?

Question 3

Why would somebody choose a indexed loan rather than a non indexed loan?

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