a drawback to an installment plan is that\nit takes longer to buy a product.\na large down payment is…

a drawback to an installment plan is that\nit takes longer to buy a product.\na large down payment is required.\ninterest rates are generally very high.\ninterest rates are generally very low.

a drawback to an installment plan is that\nit takes longer to buy a product.\na large down payment is required.\ninterest rates are generally very high.\ninterest rates are generally very low.

Answer

Brief Explanations:

Installment plans often come with high - interest rates as a cost for spreading out payments over time. It's not that it takes longer to buy in a negative sense as it allows for purchase now. Down payments aren't always large, and low interest rates are not a drawback.

Answer:

interest rates are generally very high.