Question

Explain, using complete sentences, the advantages and disadvantages of a deferred payment plan.

Answer 1

You pay less each month as compared to a lump sum payment, but you end up paying more overall in the long run because you are paying interest being added on.

Answer 2

Answer:
The Advantages of Deferred Compensation Plans. Deferred compensation plans are a type of business benefit that allows the business to promise employees funds upon their retirement or other events (like disability). There are two broad categories of deferred compensation: funded and unfunded.

Answer 3

You don't have to pay the amount all at once. If you're talking about college, you'll pay half of the payment for the first month then every few months pay a percentage of the tuition. it's a good idea if you dont have the money on the due dates. Good luck.

Answer 4

thanks!