Question

Question

What is true about the length of a loan’s term?

(1 point)
Responses

The longer the term, the more fees you will be charged.
The longer the term, the more fees you will be charged.

The longer the term, the higher the interest rate will be.
The longer the term, the higher the interest rate will be.

The longer the term, the more you will pay in interest.
The longer the term, the more you will pay in interest.

The longer the term, the fewer payments you will make.

Answer 1

The statement that is true about the length of a loan's term is: The longer the term, the more you will pay in interest.