Business Studies, asked by dulaltezkumar, 9 months ago

are installments and interest same?

Answers

Answered by BhuwanRimal

1

Answer:

Equated instalments pay off varying proportions of interest and principal within each period, so that by the end, the loan has been paid off in full. The equated instalments deal nicely with our cash flow problem, but the interest charges still seem complicated. An instalment of equal value to other instalments.

Explanation:

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