Which of these statements is true? (1 point)

Question

• There is no reason to pay off a loan early.
• The more you owe, the higher your interest payment will be.
• You can save money by making the smallest down payment the lender will allow.
• When shopping for a loan, you need to compare only APRs.

Answer 1

The statement "The more you owe, the higher your interest payment will be" is true.