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Assume you go to a car dealership to purchase a brand new Ford F - 1 5 0 . You can make the decision to

Assume you go to a car dealership to purchase a brand new Ford F-150. You can make the decision to enter into a 60-month loan or a 72-month loan. If you decide on the 60-month loan, your monthly payment will be __________ as compared to the 72-month loan. The total price paid for the vehicle when it is completely paid off under the 60-month option will be __________ as compared to the 72-month option.
Question 21 options:
unchanged; unchanged
lower; higher
higher; lower
lower; lower
higher; higher

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