Question
A drawback to an installment plan is that
it takes longer to buy a product.
a large down payment is required.
interest rates are generally very high.
interest rates are generally very low.
it takes longer to buy a product.
a large down payment is required.
interest rates are generally very high.
interest rates are generally very low.
Answers
GPT-4o mini
A drawback to an installment plan is that **interest rates are generally very high.** While installment plans can make purchasing items more manageable, they often come with higher interest rates compared to other financing options, which can increase the total cost of the purchase over time.