Question

Prepare a poster on the ill effects of installment life.​

Answer 1

Prepare a poster on the ill effects of installment life.​

Explanation:

• Ill effects of installments
• An installment loan can have many negative consequences.
• The ill effect of an installment is the risk of default.
• There is a portion of repayment to the original amount.
• Extra amount to be paid along with the principal amount.
• Another ill effect is the loss of collateral.
• The borrow has to pay principal and interest on the loan.