Which statement is true when considering a loan? F. You should always take the least interest rate possible. The term of the loan doesn’t matter G. You should always take the plan with the least...

Which statement is true when considering a loan?

F. You should always take the least interest rate possible. The term of the loan doesn’t matter

G. You should always take the plan with the least number of payments. The interest doesn’t matter.

H. You should consider both the interest rate and the term of the loan. You have to determine which loan will fit into your budget.

J. The least number of payments will always have you a smaller payback amount.

Jun 08, 2022

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