Question
Which statement is true about an annual percentage rate (APR)?(1 point)
Responses
It is equal to the interest rate times the principal.
It is reduced every time you make a payment.
It is a simple way to compare all the various elements of different loans.
It is of little interest to the average borrower.
Responses
It is equal to the interest rate times the principal.
It is reduced every time you make a payment.
It is a simple way to compare all the various elements of different loans.
It is of little interest to the average borrower.
Answers
GPT 3.5
It is a simple way to compare all the various elements of different loans.