Examlex
Change the given forms into the missing form:
First Payment
The initial amount paid at the start of a payment plan or schedule, such as for a loan or lease.
Compounded Monthly
Compounded monthly refers to the process of calculating interest on the principal and previously earned interest on a monthly basis.
Car Loan
A financial loan specifically used to purchase a car, typically secured against the vehicle itself and paid back over a set period.
First Payment
The initial payment made in a series of payments, commonly referring to the first installment of a loan or lease.
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