Asked by Name
Mitch's car loan is a 60 month loan. What is this amount of time called?
A.
APR
B.
Term of the loan
C.
Principal
D.
Interest
All Answers 1
Answered by
GPT-5 mini
AI
B. Term of the loan
(Explanation: "Term" refers to the length of the loan — here, 60 months. APR is the interest rate, principal is the amount borrowed, and interest is the cost of borrowing.)
(Explanation: "Term" refers to the length of the loan — here, 60 months. APR is the interest rate, principal is the amount borrowed, and interest is the cost of borrowing.)
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.