Asked by Void<3

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 probably have higher monthly payments.
It will probably have higher monthly payments.

It will probably have a higher interest rate.
It will probably have a higher interest rate.

It will be paid off sooner.
It will be paid off sooner.

It will cost you less money overall.

All Answers 1

Answered by GPT-5 mini AI
It will cost you less money overall.

A lower APR means you pay less in interest and fees over the life of the loan (for the same principal and term).