The correct response is: It will cost you less money overall.
A lower APR (Annual Percentage Rate) typically indicates a lower cost of borrowing, meaning that over the life of the loan, you'll pay less in interest, resulting in overall lower costs.
You are looking at two loans for the same amount over the same length of time. Which is true about the loan with the lower APR?(1 point) Responses It will cost you less money overall. It will cost you less money overall. It will probably have a higher interest rate. It will probably have a higher interest rate. It will probably have higher monthly payments. It will probably have higher monthly payments. It will be paid off sooner. It will be paid off sooner.
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