Which is an example of closed-end credit?

Mortgages and car loans. For example, if a customer fails to repay an auto loan, the bank may seize the vehicle as compensation.

Closed end credit is a loan for a stated amount that must be repaid in full by a certain date. Closed end credit has a set payment amount every month. An example of closed end credit is a car loan. Another source of credit is credit card companies like visa, mastercard, American express, and discover.

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

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