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Question 11 (1 point) What are the results of choosing a loan with a longer term? Question 11 options: a) Your APR will be higher

Question 11 (1 point)

What are the results of choosing a loan with a longer term?

Question 11 options:

a)

Your APR will be higher than a shorter term loan.

b)

Your monthly payments will be larger with a longer term loan.

c)

Your finance charges will be larger with a longer term loan.

d)

all of these are correct

e)

Both Your APR will be higher than a shorter term loan and Your finance charges will be larger with a longer term loan are correct

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