10.4
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installment
A loan on which you pay a fixed amount of money for a set number of payments is called a fixed loan
open-end
A loan which you make variable payments each month is called and what installment loan
Grace
The period between when a purchase is made when the credit card company begins charging interest is called the blank period
Installment
The sum of all the monthly payments and the down payment if any is called the total blank price
annual
The true rate of interest charged for a loan is called the blank percentage rate
finance charge
the total amount of money the borrower must pay for borrowing the money is called the blank charge
