Question
What is true when choosing a 48 month loan term vs. a 60 month loan term, assuming APR is same for both terms? Group of
What is true when choosing a 48 month loan term vs. a 60 month loan term, assuming APR is same for both terms?
Group of answer choices
The monthly payment will be higher and finance charges lower
The monthly payment will be higher and finance charges higher
The monthly payment will be lower and the finance charges lower
The monthly payment will be lower and finance charges higher
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Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
6th Edition
0321113624, 978-0321113627
