The difference between the installment price of an item and the cash price is the down payment.

Name: The difference between the installment price of an item and the cash price is the down payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The difference between the installment price and the cash price is actually the interest or finance charges, not the down payment. The down payment is the initial amount paid at the time of purchase, which reduces the amount financed.

The Difference Between the Installment Price of an Item and the Cash