Raoji purchased a new tractor for his farm by taking a loan.

Identify and explain the concept from the given illustration:

Raoji purchased a new tractor for his farm by taking a loan.

Monjur Alahi

9 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Long Term Loan.

A long-term loan is taken for a period of more than 5 years. It is generally taken for buying tractors, making permanent improvements on the land, etc.

9 views Answered 2023-02-05 15:29

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