Total installment price is the total amount including principal and interest paid when borrowing money for a purchase.
Total installment price refers to the total amount you end up paying when borrowing money, including the initial loan amount plus any interest or fees incurred over the repayment period. It encompasses the cost of the product along with any additional charges associated with the loan. For example, if you borrow $10,000 to buy a car, the total installment price would be the sum of the borrowed amount plus the interest paid over the loan term.
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