Provide an appropriate response.Loans in which there is no fixed number of payments and the interest is calculated on the unpaid balance at the end of each payment period are referred to as:
A. closed-end loans
B. average daily balance loans
C. basic installment loans
D. open-end loans
Answer: D
Mathematics
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B. L(x) = 
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C. L(x) = 
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D. L(x) = 
x + 
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bh; for b
A. b = 
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C. b = 
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