What is true about the length of a loan’s term?
(1 point)
Responses
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 fees you will be charged.
The longer the term, the more fees you will be charged.
The longer the term, the fewer payments you will make.
The longer the term, the fewer payments you will make.
The longer the term, the more you will pay in interest.
1 answer
The longer the term, the more you will pay in interest.
1 answer