Obtain a low-interest loan and make low monthly payments

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Question: Alka plans to spend $5,000 on a plasma television and home theater system. She is willing to spend some of her $9,000 in savings. However, she wants to finance the rest and pay it off in small monthly installments out of the $400 a month she earns working part-time. How might she obtain a low-interest loan and make low monthly payments?

Reference no: EM131486104

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